Barkin Says Fed Has ‘time’ to assess economy, determine response
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Federal Reserve Bank of Richmond President Tom Barkin says the central bank has time to assess whether the US economy is normalizing or softening; Barkin is optimistic about inflation readings in the coming months; Fed officials are shifting focus to the labor market; Financial markets reassess the Fed's stance on interest-rate policy after July jobs report; Investors are pricing in about a percentage point of interest-rate cuts this year; Some economists expect a jumbo half-point rate reduction at the next gathering in September; The Fed's preferred price gauge rose 2.5% in June from a year earlier; Barkin believes inflation is settling down and will continue to do so.

#FederalReserve #UsEconomy #Inflation #InterestRates #LaborMarket

https://theedgemalaysia.com/node/722215 

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