- Analytics
- News and Tools
- Market News
- Fed's Barkin: Inflation not expected to come down predictably
Fed's Barkin: Inflation not expected to come down predictably
Richmond Federal Reserve Bank President Thomas Barkin said on Tuesday that the United States is facing "post-war-like" inflation.
"I don't expect inflation to come down predictably," Barkin noted and reiterated that the Federal Reserve is committed to returning inflation to the 2% target.
Commenting on the growth outlook, "we are not today in a recession," Barkin said and added that a recession does not have to be calamitous.
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen trading in negative territory near 108.50.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
