Richmond Fed President Barkin: Don’t know whether rate cut or cuts will be needed this year
|Adding to his previous comments, the Richmond Fed President Thomas I. Barkin recently said that the inflation expectations are very anchored and he doesn’t know more about the need for a rate cut or rate cuts.
Key Comments:
- There is a risk the US talks itself into a recession, but sees no sign that is happening yet.
- Inflation expectations are very anchored.
- Fed policy is still modestly accommodative.
- Don’t know whether rate cut or cuts will be needed this year.
FX implications:
While latest comments from the US Federal Reserve policymakers have been a bit less dovish, Barkin’s overall neutral statements are less likely to have much impact on the US Dollar (USD) during the early Asian session
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