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!

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