Reported 8 days ago
Richmond Fed President Tom Barkin expressed optimism that inflation will continue to decline into next year, despite recent stagnant readings. In an interview, he noted consumers' changing purchasing behaviors indicate limited pricing power for businesses. Barkin hinted at a cautious approach to future interest rate cuts, acknowledging the Fed's current restrictive stance as it prepares for a two-phased strategy involving recalibration and normalization of rates.
Source: YAHOO