Fed member, Thomas Barkin commented today the situation in the US economy and businesses. Here is the breakdown from his remarks. His comments are more 'hawkish' than Fed Waller's; Barkin signals no rush with a rate cut and still 'wait & see' mode due to unexpected effects from tariffs.
Fed Barkin
-
Businesses are still in wait-and-see mode on capital spending and hiring plans.
-
There is no conviction on where trade policy will settle, or on how it will impact prices and jobs.
-
Firms not impacted by tariffs see confusion over trade policy as a moment to raise prices for other reasons.
-
Firms say they expect to raise prices later in the year as more expensive imported goods work into their inventories.
-
The job market and consumption are holding up.
-
There is nothing urgent in the data warranting a rate cut at this point.
-
We can't ignore a spike in inflation if it comes; price indexes are still above target.
-
I am not ready to dismiss inflation risk from tariffs.
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
