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 $7.7 Billion in Student Debt Canceled for 160,500 Borrowers Under New Biden Plan READ MORE Uganda Joins African Gold Rush to Stabilize Currency and Boost Reserves READ MORE NYCB Sheds Mortgage Servicing Arm in $1.4B Deal with Mr. Cooper READ MORE Jobless Claims Drop, Indicating Steady Employment Despite Recent Surge READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies Predictions READ MORE Add a Comment Cancel replyYour email address will not be published.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