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Barkin Favors Slower Path To Possibly Higher Level

FED
  • Barkin (’24 voter) tells reporters he too favors a slower path of rates hikes but to a possibly higher level, expecting inflation to be more persistent and seeing wage pressures at least through the first quarter.
  • It follows his recent comments that it makes sense to steer more deliberately on rates, and adds to increasing preference of FOMC members to a further downshift to a 25bp hike on Feb 1, most recently Harker (’23 voter) after CPI (for “a few more times”).

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