Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Fed's Barkin Supports Gradual Rate Hike Path

(MNI) Washington

Richmond Fed President Tom Barkin Wednesday said the U.S. central bank is reducing "support gradually" so it can get policy back to a more normal position as the economic situation evolves, and only then the Fed can decide if it needs to put the brakes on the economy or not.

"The rate path we forecasted in March shouldn't drive economic decline. We're still far from the level of rates that constrain the economy," said Barkin, a 2024 FOMC voter, downplaying recessionary fears and commenting that the Fed's moves have less impact on inflation in the near-term. The Richmond Fed chief said "our balance sheet moves can work in the background to reinforce this rate path."

Keep reading...Show less
158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Richmond Fed President Tom Barkin Wednesday said the U.S. central bank is reducing "support gradually" so it can get policy back to a more normal position as the economic situation evolves, and only then the Fed can decide if it needs to put the brakes on the economy or not.

"The rate path we forecasted in March shouldn't drive economic decline. We're still far from the level of rates that constrain the economy," said Barkin, a 2024 FOMC voter, downplaying recessionary fears and commenting that the Fed's moves have less impact on inflation in the near-term. The Richmond Fed chief said "our balance sheet moves can work in the background to reinforce this rate path."

Keep reading...Show less