Fed’s Barkin: 2024 data is ‘less encouraging’ raises issue of whether outlook shifting

  • Still looking for slowdown in reported inflation to sustain and broaden
  • Fed officials are looking at the same data but it is easy to draw different conclusions
  • Tight Fed policy will eventually slow the economy further that doesn’t mean painful job losses in a ‘less vulnerable’ economy
  • Optimistic keeping rates ‘somewhat restrictive’ can return inflation to target

This article was written by Adam Button at www.forexlive.com. Source