Fed's Barkin: Fed Is Going To Have To Adjust Its Stance As It Learns More

Fed's Barkin: There is reason to think there is limited risk of both a big rise in unemployment or a big rise in inflation. Fed's Barkin: The recent rate cut should help the job market while keeping pressure on inflation that remains above target. Richmond Fed President Tom Barkin on the disconnect in the data and outlook for consumer spending: "The front of the cabin is full and the back of the cabin is empty." Fed’s Barkin: The Current Level Of The Unemployment Rate Is Not A Concern But The Trend Could Be In The Wrong Direction - Unemployment Looks A Little Shakier, Inflation Better RICHMOND FED'S BARKIN Q&A/PETERSON: 'WOULDN' TAKE A TON (OF NEGATIVE NEWS) TO CONVINCE ME NOT TO BE SO SANGUINE' #Barkin #FederalReserve #economy

Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $86.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $129.2 billion (0.6 ...

The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Excluding volatile food and energy ...