Fed’s Barkin: Inflation above target but not accelerating
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus.
Key quotes
Central bank independence delivers better outcomes.
Declines comment on political pressure facing the Fed.
Inflation above target but not accelerating.
Unemployment ticking up but remains contained.
Businesses showing less appetite to pass through prices.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading around 99.17, up 0.28% on the day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil Price Today (September 25): Crude oil slips to $105 as truce hopes clash with Middle East attacks. What’s next?
Hedge fund with 235% return says gold price decline is temporary
AMD and Micron Get New Price Targets as Taiwan Chip Exports Hit Record $30.8B

--BankUnited Keeps Quarterly Dividend at $0.33 a Share, Payable Oct. 30 to Holders of Record Oct. 9
