Nvidia to report, Barkin flags 'reacceleration scenario' - what's moving markets
Speaking with Reuters on Tuesday, Barkin pointed to recent data showing hotter-than-expected
and increasing consumer confidence as hints that the economy could remain strong even as prices stay elevated.or a so-called"soft landing," which would see the Fed cool inflation without sparking an economic meltdown. It may also support the case for more monetary policy tightening, Barkin suggested.
The comments come ahead of a highly anticipated economic symposium in Jackson Hole, Wyoming this week. Fed Chair Jerome Powell is due to deliver remarks on Friday, with traders keen to receive any update on the central bank's outlook for inflation. Last week, minutes from the Fed's latest meeting showed that most policymakers believe more rate rises may be required to address lingering"upside risks" to inflation -- a statement that has helped fuel a recent surge in bond yields.
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