Fed's Barkin: Some parts of the economy appear to be cooling
Thomas Barkin, President of the Federal Reserve Bank of Richmond, stated on Tuesday that he is seeing evidence that interest rate hikes are curbing demand. He is attending a webinar organized by the National Association for Business Economics.
According to Barkin, there is more willingness among businesses to increase prices, but that will continue until there is a decline in demand. He points out that some parts of the economy appear to be cooling, while others remain “vibrant.”
Market reaction
The US dollar is posting mixed results across the board on Tuesday, amid falling Treasury yields and risk aversion.
Author
Matías Salord
FXStreet
Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.
