Fed's Barkin: Near-term inflation pressures to ease toward Q4

Eren Sengezer FXStreet

Thomas Barkin, President of the Richmond Federal Reserve Bank, said on Thursday that he expects near-term inflation pressures to ease toward the fourth quarter of the year, as reported by Reuters.

The relative price stability is likely to outweigh a few months of price increases, Barkin further argued.

Market reaction

These comments don't seem to be having a noticeable impact on the USD's performance against its major rivals. As of writing, the US Dollar Index was virtually unchanged on a daily basis at 91.75.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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