Fed’s Barkin: Cautions that while the average CPI has dropped the median has stayed high
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Richmond Federal Reserve President Thomas Barkin said on Thursday, that it “makes sense” to steer more deliberately as the Fed works to bring inflation down.
His comments are coming through following today’s Consumer Price Index data that came in as expected on the whole, besides the one exception on a monthly basis in the headline number.
”The last three months’ inflation prints have been a “step in the right direction,” he said. But he cautions that while the average has dropped the median has stayed high.
The US Dollar is falling to the lowest levels for several months and is printing a fresh low for the session following the CPI event.
[/s2If]
Join Our Telegram Group
