Richmond Federal Reserve Bank (Fed) President Tom Barkin noted at the start of the US market session on Tuesday that although inflation appears to be declining, it could still remain above the Fed’s target levels.
Key points
The Federal Reserve is in a position to respond appropriately regardless of how the economy evolves.
The Fed’s focus may be on upside inflation risks or downside employment risks, depending on how the economy develops.
From here, the labor market could be good or it could continue to weaken.
Inflation could be under control, or could be at risk of staying above the Fed’s 2% target.
The US economy is looking quite good and the labor market appears resilient.
The Fed has begun the process of recalibrating interest rates to somewhat less restrictive levels.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
