Richmond Fed President Barkin: Don’t know whether rate cut or cuts will be needed this year

Anil Panchal FXStreet

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

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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