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Barkin Still Open To Hiking 50bps In May If Needed

FED
  • Headlines from Barkin (2024 voter) so far largely repeating comments from Mar 18 when he said the Fed could do 50bp hikes as it has in the past, if we start to believe that is necessary to prevent inflation expectations from unanchoring.
  • *FED'S BARKIN SAYS OPEN TO HIKING BY 50 BPS IN MAY IF NEEDED - bbg
  • *BARKIN: UKRAINE WAR IMPACTING INFLATION, DEMAND NOT HURT SO FAR - bbg
  • *BARKIN: STILL SEE A LOT OF EXCESS DEMAND FOR LABOR - bbg
  • At the time of speaking, Fed Funds futures price a 43bp hike for the May meeting and 85.5bps for June, the latter implying a 61% chance of 100bp of hikes over the two meetings.

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