Fed's Barkin: Rise in inflation is clearly due to temporary factors

Ross J Burland FXStreet

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.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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