Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution Richmond Federal Reserve President Thomas Barkin expressed in a CNBC interview that it’s premature to forecast when the Federal Reserve might start reducing its benchmark interest rate, citing ongoing wage and inflation pressures within the U.S. economy. Despite a recent high inflation report, Barkin remains optimistic about inflation eventually subsiding, which would justify normalizing interest rates. However, he noted a divergence in inflation trends, with goods inflation showing signs of settling, whereas services inflation remains stubbornly high. This insight underscores the complexity of the current economic landscape, where varying sectors exhibit different inflation dynamics, making the path to interest rate normalization contingent on broader inflationary trends easing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE Economists Predict Fed to Slash Rates Twice This Year, Reuters Survey Shows READ MORE Central Bankers Converge at Jackson Hole Amid Rate Cut Speculation READ MORE Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment