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Fed's Barkin: Half-percentage-point rate cut in September warranted
FED'S BARKIN: HALF-PERCENTAGE-POINT RATE CUT IN SEPTEMBER WARRANTED BECAUSE RATES WERE 'OUT OF SYNC' WITH DECLINE IN INFLATION AND THE UNEMPLOYMENT RATE NEAR ITS SUSTAINABLE LEVEL
— *Walter Bloomberg (@DeItaone) October 2, 2024
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BARKIN: FED CAN'T DECLARE INFLATION BATTLE OVER, SAYS HE EXPECTS LITTLE FURTHER DROP IN CORE PERSONAL CONSUMPTION EXPENDITURES PRICE INDEX UNTIL NEXT YEAR
— *Walter Bloomberg (@DeItaone) October 2, 2024
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BARKIN: HALF PERCENTAGE POINT OF CUTS SHOWN AS THE MEDIAN FED POLICYMAKER PROJECTION FOR THE REST OF THIS YEAR WOULD ALSO TAKE 'A LITTLE BIT OF THE EDGE OFF' RATES
— *Walter Bloomberg (@DeItaone) October 2, 2024
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BARKIN: RECENT LABOR ACTION, GEOPOLITICAL CONFLICT ALSO AMONG INFLATION RISKS
— *Walter Bloomberg (@DeItaone) October 2, 2024
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Barkin: Why Not Declare Victory?
Thank you for that kind introduction. I thought today I might talk about how I see the economy and where it may be headed. I’ll then turn it over to you, and I look forward to your questions and comments. I should caution that these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. As you’ve likely seen, the FOMC cut the fed funds rate 50 basis points at our September meeting. This cut came largely because of the progress we’ve made on inflation. Twelve-month headline PCE inflation is now 2.2 percent, well down from its ... (full story)
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- Posted: Oct 2, 2024 12:09pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,032
