Off to a positive start as Richmond Fed Pres Barkin and Chicago Fed Pres. Goolsbee speaks on a panel:
Barkin:
- Thinks we are making a lot of progress on inflation
Goolsbee:
- Fed is facing more trade-offs this year than last year
If the Fed officials are ambivalent about inflation despite the rise today, we could see a bounce back in US stocks
Dow Industrial Average is down -474 or -1.22%. S&P is down -56.39 points or -1.08%. NASDAQ index is trading down -164.91 points or -1.01% as the panel discussion gets underway.
This article was written by Greg Michalowski at www.forexlive.com. Source