Fed’s Barkin: Will debate at July meeting whether still appropriate to describe inflation as elevated

Richmond Federal Reserve President Thomas Barkin said on Wednesday that he is sure policymakers will debate at the July policy meeting whether it is still appropriate to describe inflation as elevated, per Reuters Key takeaways “Looking for low inflation to sustain and broaden; starting to see the broadening.” “No one 25-basis-point interest rate cut matters one way or the other; the issue is when to change the narrative.” “US labor market remains quite healthy.” “Recent housing inflation data was