Central Banks

Fed’s Barkin says US inflation is still too high

By adminPosted on
Time to Read:-words

Federal Reserve Bank of Richmond President Thomas Barkin

  • Despite falling from its peak inflation is still too high
  • demand is still elevated compared with its pre-pandemic trend
  • elevated demand is boosting inflation higher
  • says he’d be content with more hikes if inflation is not progressing toward the goal

–

Barkin jumping on board the July Federal Open Market Committee (FOMC) rate hike bandwagon it would seem.

This article was written by Eamonn Sheridan at www.forexlive.com. Source