August 19, 2022 13:53 GMT
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- Little new from Richmond Fed’s Barkin (’24 voter) in the main body of his appearance in Maryland although there could be more targeted questions in the subsequent media Q&A ahead.
- Fed Funds implied hikes broadly holding at early AM levels with 63bp priced for Sep, 120bp to year-end and 135bp to a terminal 3.69% at the Mar’23 FOMC.
- Bloomberg headlines below:
*BARKIN: FED WILL DO WHAT IT TAKES TO LOWER INFLATION TO 2%, FED IS `VERY SERIOUSLY' FOCUSED ON INFLATION
*BARKIN: THERE IS A RISK OF RECESSION ON PATH TO 2% INFLATION
*BARKIN: EXPECT YIELDS TO RISE, TIGHTER FINANCIAL CONDITIONS AS B/SHEET SHRINKS
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