Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the U.S. central bank still has time to decide on its next interest rate move...
NEW YORK - Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the U.S. central bank still has time to decide on its next interest rate move as anecdotal information points to an economy that’s slowing amid a cooling trend in inflation pressures.
Rising borrowing costs driven by higher bond yields coupled with an extended trend of falling inflation data have led many to believe the Fed is done with rate increases and will leave its current target rate range at between 5.25% and 5.5% for an extended period. A number of Fed officials have said over recent days they believe the Fed is at or near the peak of its rate rise cycle.
Barkin also warned that Fed policy is still subject to events out of its control due to things like unrest in the Middle East.The former Missouri Democratic senator warned how he could suffer at the hands of the "crazy caucus" of House Republicans.Comedy CentralYou can’t fix crazy, but you can document it—which is fortunate for Jordan Klepper.
A 15-year-old aspiring journalist who had made Ron DeSantis squirm with his questioning was thrown out of a GOP event by police
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richmond Fed's Barkin: The Fed has 'time to see' if further rate hikes neededRichmond Fed President Tom Barkin said Tuesday the Federal Reserve has 'time to see' if the central bank's rate hikes to date will be enough to bring...
Read more »
Fed's Harker says Fed should not be considering more rate increasesExplore stories from Atlantic Canada.
Read more »
Fed's Harker says Fed should not be considering more rate increasesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Fed Should Stop Rate Increases With US Small Businesses Struggling, Harker SaysThe Federal Reserve shouldn’t be thinking about additional interest-rate increases with so many US small businesses struggling to cope with its tightening to date, Philadelphia Fed President Patrick Harker said.
Read more »
'It's not fair': Wildlife reserve calling for changes to Alberta black bear cub policyAn Alberta wildlife reserve is renewing calls for the government to revisit protocols for rehabilitating black bears.
Read more »
Germany Fires Up Reserve Coal Plant in Winter’s First Cold SnapGermany has fired up one of its mothballed coal plants to help meet energy needs as the region’s first cold spell takes hold.
Read more »