Richmond Fed President Thomas Barkin described December's U.S. jobs report as encouraging, highlighting a continued fine balance between modest job growth and labor supply, while noting persistent inflation and subdued hiring.
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Richmond Fed President Says December Jobs Report Encouraging—Fine Balance Continues
Richmond Fed President Thomas Barkin described December's U.S. jobs report as encouraging, highlighting a continued fine balance between modest job growth and labor supply, while noting persistent inflation and subdued hiring.
The Richmond Fed President stressed that the Federal Reserve must finely tune its future rate path, balancing risks to both employment and inflation, and signaled that the scope for further rate cuts is likely limited as the U.S. economy shows resilience but faces both upside and downside risks.
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Richmond Fed President Says Future Rate Path Must Be Finely Tuned
The Richmond Fed President stressed that the Federal Reserve must finely tune its future rate path, balancing risks to both employment and inflation, and signaled that the scope for further rate cuts is likely limited as the U.S. economy shows resilience but faces both upside and downside risks.
Richmond Fed President Thomas Barkin highlighted ongoing pressures on both inflation and employment, but noted easing factors, while refraining from offering policy guidance ahead of the next FOMC meeting.
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Richmond Fed President Says 'Pressure on Both Mandates—But Also Easing Factors at Play'
Richmond Fed President Thomas Barkin highlighted ongoing pressures on both inflation and employment, but noted easing factors, while refraining from offering policy guidance ahead of the next FOMC meeting.
Richmond Fed President Thomas Barkin noted that while U.S. consumers continue to spend, they are no longer "flush with cash" as in 2022, signaling a shift in consumer behavior. Barkin remains optimistic about employment and inflation, citing reasonable grounds to limit downside risks despite current uncertainties.
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Richmond Fed President - 'Consumers Still Spending, But No Longer Flush With Cash' - Yonhap Infomax
Richmond Fed President Thomas Barkin noted that while U.S. consumers continue to spend, th
Richmond Fed President Says US Consumer Spending Robust, Unemployment Low and Wages Rising
Richmond Fed President Thomas Barkin highlighted robust US consumer spending, low unemployment, and rising real wages, while noting cautious corporate investment and easing wage pressures.
3-Year Treasury Futures Edge Lower in After-Hours Trading—Weekly Gains Partially Reversed
South Korea's 3-year Treasury futures slipped in after-hours trading on August 27, partially reversing weekly gains amid muted catalysts, while US Treasury yields showed mixed movement.
July Retail Sales 'D-1'—Richmond Fed President Says 'Consumer Spending Feels Stronger'
Richmond Fed President Thomas Barkin signaled stronger U.S. consumer spending in July, citing robust credit card data, ahead of key retail sales figures.
Richmond Fed President Thomas Barkin said the Federal Reserve remains uncertain about prioritizing inflation or employment, noting the balance between the two is still unclear and policy adjustments will be made as visibility improves.
#YonhapInfomax #FederalReserve #ThomasBarkin #Inflation #UnemploymentRate #ConsumerSpending #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76780Richmond Fed President Thomas Barkin emphasized the U.S. economy's resilience, downplayed the urgency for policy shifts, and noted that ADP private payrolls data have limited correlation with official jobs reports, while highlighting stable unemployment and ongoing consumer spending.
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Richmond Fed President Says 'ADP Private Payrolls Show Limited Correlation with Official Jobs Report'
Richmond Fed President Thomas Barkin emphasized the U.S. economy's resilience, downplayed the urgency for policy shifts, and noted that ADP private payrolls data have limited correlation with official jobs reports, while highlighting stable unemployment and ongoing consumer spending.
Richmond Fed President Thomas Barkin emphasized patience in monetary policy, citing economic strength and ongoing inflation risks, while warning that volatility and geopolitical tensions could weigh on employment and investment.
#YonhapInfomax #FederalReserve #ThomasBarkin #MonetaryPolicy #Inflation #ConsumerSpending #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=69562Richmond Fed President Says 'No Advantage in Rushing Monetary Policy'
Richmond Fed President Thomas Barkin emphasized patience in monetary policy, citing economic strength and ongoing inflation risks, while warning that volatility and geopolitical tensions could weigh on employment and investment.
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