Richmond Fed President Concerned About Breadth of Inflation for Rate Cuts
Thursday, 4 April 2024, 21:38
Fed's Barkin on Rate Cut Criteria
Richmond Federal Reserve President Thomas Barkin is closely monitoring the breadth of inflation across various sectors, emphasizing the need for more widespread slower price increases before considering cutting interest rates.
Key Considerations for Rate Cuts
- Breadth of Inflation: Barkin is focused on the extent of inflation in goods and services.
- Upcoming Data: The central bank will analyze upcoming reports to determine the need for rate cuts.
- Anticipated Timeline: Investors expect the first rate reduction in June, pending sufficient progress in curbing inflation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.