Wednesday

Richmond Fed Chairman Thomas Barkin said on Wednesday he is seeing inflation in the US economy remain high and demand cooling.
<h2 id="barkin-says-not-surprised-by-inflation-data">Barkin Says Not Surprised by Inflation Data</h2>
Barkin, a voting member on the Fed&#039;s policy-making committee this year, said the latest consumer price index (CPI) report did not surprise him.
&quot;We&#039;re definitely past the peak of inflation, but we still have a ways to go,&quot; Barkin said at a business event. &quot;I need to see inflation drop to our target rate for months in a row.&quot;
Barkın said that he will closely follow the PPI and employment cost index (ECI) data to be announced on Friday.
&quot;I see a cooling in demand, but I&#039;m waiting for inflation to break out; I don&#039;t see any evidence of that yet, I don&#039;t want to declare victory on inflation too soon,&quot; Barkin said. said.
As Bitcoinsistemi.com reported, the monthly inflation data came below the expected level. Bitcoin price had received the development positively.

“In terms of the interest rate route, I believe we react to it as inflation emerges,” Barkin said.
*Not investment advice.

After the Inflation Data, FED Official Barkin Makes a Statement: Here are the Details!

목차

Bitcoin Sistemi EN

2023년 4월 12일에 게재된 다른 기사

TABOO finalising lucrative deal with an ex-JP Morgan superstar while $TABOO token grows by 1000%+...

BusinessDay announces the Future of Payment and Fraud Conference 2023

ADA/USDT Technical Analysis Update: Bullish Breakout Potential & 76% Target Price in Sight!

What does the new copyright law mean for Nigerian content creators?

Metaverse Technology Implemented in Dubai Customs Training Program for Increased Efficiency and I...

Uniswap Mobile App Gets Freed From “Apple Jail”, Receives Full Launch

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!