Reported 8 days ago
In a recent Yahoo Finance interview, Richmond Fed President Tom Barkin expressed optimism that inflation will continue to decrease into 2025, even suggesting the Federal Reserve may slow down rate cuts. While acknowledging the challenges posed by potential tariff increases under President-elect Donald Trump's administration, Barkin noted consumer behavior changes, such as seeking promotions and lower-priced goods, indicating a shift in response to persistent high prices.
Source: YAHOO