Richmond Fed president Barkin: We want to be ready adjust to a fragile environment

Ross J Burland FXStreet

Richmond Fed president Barkin has said that the Federal Reserve want to be ready to adjust to a fragile environment.

Key comments

We want to be ready adjust to a fragile environment.
U.S. business investment has stepped back.
Consumer dynamics remain great.
There is a risk the U.S. talks itself into a recession but sees no sign that is happening yet.

FX implications:

Earlier in the day, in an interview with Bloomberg, St. Louis Fed President Bullard argued that a 50 basis points rate cut in July would be "overdone." This sent the dollar on a tear and Fed chat is a key focus, as is U.S. data leading into the Federal Reserve decision next month.

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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