Barkin: Still Looking To Be Convinced On Demand/Inflation

• Richmond Fed’s Barkin (’24 voter) speaks on Bloomberg TV in an unscheduled appearance that further adds to a heavy Fedspeak slate today.
• Paraphrasing: “I'm still looking to be convinced that credit tightening will bring demand down. I still see core inflation or trimmed mean inflation in the 0.4% M/M range implying an annual rate around 5. I'm still looking to be convinced that demand will come down and that of course will bring inflation down at a pace that won't erode inflation expectations.”
• The rhetoric is similar to Barkin's interview with MNI Friday, seeing support for rates on hold where they are but being "very open" to supporting more hikes if data tell a different story.
• Other Bloomberg headlines:

* BARKIN ENCOURAGED BY RESILIENCE HE'S SEEING AMONG BANKS

* BUSINESS CONTACTS RELUCTANT TO LET WORKERS GO

* JOB MARKET IS STILL QUITE HOT, NOT SOFTENED AS EXPECTED

* FIRMS STILL HAVE PRICING POWER IN SOME PARTS OF ECONOMY

* HEARING CONCERNS OVER DOWNTOWN CRE LOAN EXPOSURE