- Analytics
- News and Tools
- Market News
- Fed's Barkin: Not sure I know what we'll do in December
Fed's Barkin: Not sure I know what we'll do in December
In an interview with CNBC on Friday, Richmond Fed President Thomas Barkin said that the US labor market was still tight and added that they were not getting much help on the labor supply side, as reported by Reuters.
Key takeaways
"It will be hard for people who have fought hard to raise prices to back off."
"Not sure I know what we'll do in December, many indicators still to come."
"Could be a potentially higher end-point for rates even if slower."
"If inflation were to persist, would need to respond appropriately."
"We need to get inflation down to target and do whatever we need to do to do that."
Market reaction
The US Dollar Index continues to push lower in the American session and was last seen losing 1.65% on the day at 111.12.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
