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Barkin: Last Month’s Inflation A Good Reading, Hopefully A Sign

FED
  • Richmond Fed’s Barkin (’24 voter) follows Goolsbee (’23) and Bostic (’24) in pointing to the moderation of last month’s inflation reports.
  • The U.S. economy will slow further as the Fed's rate hikes start to hit, banks pull back lending and fiscal supports wane, but any recession will likely be mild: "As I talk to firms, I hear reasons to believe that — if a recession were to occur this time — it might be less severe"
  • Reuters: Last month’s inflation reading as “a good one and I hope it is a sign”

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