Fed's Barkin: Will proceed deliberately on policy
Source Fxstreet
Jun 28, 2024 10:33
Richmond Federal Reserve President Thomas Barkin said on Friday that he will proceed deliberately on monetary policy while delivering prepared remarks at the Global Interdependence Center in Paris, per Reuters.
Key takeaways
"Lags are still are playing out, policy tightening will eventually slow the economy further."
"Agility is key, must adjust according to new information."
"Services and shelter price-setters still have room to push prices higher."
"Open to the idea that rate hikes are not constraining economy as much as we think, given remarkable strength we are seeing."
Market reaction
These comments don't seem to be impacting the US Dollar's valuation in a meaningful way. At the time of press, the US Dollar Index was virtually unchanged on the day at 105.90.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Investing.com-- Oil prices rose in Asian trade on Friday and were headed for strong gains in June as fears of supply disruptions in Russia and the Middle East largely offset concerns over slowing demand.
Investing.com-- Gold prices fell slightly in Asian trade on Friday, staying largely rangebound as traders remained biased towards the dollar ahead of key inflation data that is likely to factor into i
On-chain data shows the Bitcoin mining hashrate has declined to the lowest since early March.
Dogecoin (DOGE), like the other meme coins, has been facing severe bearish pressure and has not been able to attract a meaningful rally for a while now.
Oil prices dip amid dollar strength; US inventory build spurs demand fearsInvesting.com-- Oil prices fell in Asian trade on Thursday amid pressure from a stronger dollar as traders grew uncertain over the path of inflation and interest rates, while a surprise build in U.S. inventories ramped up concerns over sluggish demand.
Investing.com-- Oil prices fell in Asian trade on Thursday amid pressure from a stronger dollar as traders grew uncertain over the path of inflation and interest rates, while a surprise build in U.S. inventories ramped up concerns over sluggish demand.
