Fed's Barkin: Rise in inflation is clearly due to temporary factors
|Federal Reserve's Barkin is saying that market measures of long-term inflation expectations have remained steady and that the current rise in inflation due to clearly temporary factors.
- Barkin says market measures of long-term inflation expectations have remained steady.
- Barkin says current rise in inflation due to clearly temporary factors.
- Barkin says he expects near-term inflationary pressures to ease as we enter 4Q.
- Barkin says hard to know what inflation will do in the medium term; watching carefully.
There has not been any market impact and the markets are now looking to economic data in the run-up to the next Fed meeting.
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