Free Trial

MNI BRIEF: Fed’s Barkin On March Rate Cut-Let’s See The Data

Federal Reserve

It’s too soon for Federal Reserve officials to consider whether it will be appropriate to start cutting interest rates in March as financial markets are currently anticipating, saying he needs to see how economic data play out in coming months, Richmond Fed President Thomas Barkin told reporters Thursday.

“I don’t prejudge meetings – certainly not the meeting after the next meeting,” he said. “What I’m looking for is conviction that inflation is coming back to our target. Let’s see how the data plays out.” (See MNI INTERVIEW: Fed To Ease Modestly In '24-Ex-NY Fed's Benigno)

Barkin said the latest CPI data did not alter his level of conviction that inflation is coming down.

MNI Washington Bureau | +1 202 371 2121 |
MNI Washington Bureau | +1 202 371 2121 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.