fxs_header_sponsor_anchor

News

Fed's Barkin: Seeing some progress on inflation with demand normalizing

Richmond Fed President Thomas Barkin said on Friday that they are seeing some progress on inflation with demand normalizing, as reported by Reuters.

Barkin further added that the US labor market is still "quite hot" and noted that the labor demand continues to run ahead of labor supply, causing businesses to remain reluctant to shed employees. "It seems as if shortages in labor supply will continue," he said.

Market reaction

The US Dollar Index edged slightly lower following these comments and was last seen rising 0.27% on the day at 104.37.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.