Fed’s Barkin: It was welcome to see lessening pressure in the jobs data

The Fed blackout is over, so here we go with the talking heads.

  • The labor market is in better balance now
  • Fed has more data to see before next rate decision, I won’t prejudice it
  • Fed is focused on seeing inflation come down
  • I’d like to think that markets are respond to data
  • There’s some evidence price setters see declining power, but many still have it
  • Really pleased by recent productivity data
  • Good chance consumer economics are in a good place
  • Office and older office real estate is under pressure
  • Rate cuts are still a way off in my mind
  • Says he doesn’t know if Fed has reached peak of hike cycle

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