- Analytics
- News and Tools
- Market News
- Fed's Barkin: Not in a hurry to cut rates
Fed's Barkin: Not in a hurry to cut rates
Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he expects overall inflation numbers are likely to come down over the next few months, per Reuters.
Key takeaways
"But if monthly numbers come in inconsistent with that, we have to take that into account."
"I am not in a hurry to cut rates."
"I still see wage and inflation pressures."
"Yesterday was a high inflation report."
"We'll see if there are rate cuts this year, all depends on the progress on inflation."
"Interests costs as percent of revenues is a data point I am interested in."
"The economy will tell us what to do on policy."
Market reaction
These comments don't seem to be having a significant impact on the US Dollar's valuation. At the time of press, the US Dollar Index was unchanged on the day at 104.15.
© 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
