Fed’s Barkin not ready to embrace 50 bps cut debate, says +114K jobs is ‘reasonable’
globalreutersAugust 2, 20241 Mins read Jeanna Smialek from the New York Times is out with some comments from the Fed’s Barkin, who is also set to speak on TV shortly.
“More significant reductions typically would be associated with an
economy that feels like it’s deteriorating rapidly. And again, 114,000
jobs, while not as good as we’ve been running, on a long-term basis, is a
reasonable number,” Barkin told her.
This article was written by Adam Button at www.forexlive.com.
Related Articles
US Senator says Federal Reserve should sell some of its gold reserves to buy bitcoin
Republican Senator Cynthia Lummis of Wyoming spoke with CNBC:"The proposal that I...
UBS – British pound faces dollar dominance amid inflation and BoE rate cut
A note from UBS highlights that despite stronger-than-expected UK inflation data and...
PBOC sets USD/ CNY reference rate for today at 7.1942 (vs. estimate at 7.2502)
The People's Bank of China set the onshore yuan (CNY) reference rate...
Singapore official says trade tariffs could renew inflationary pressures, disrupt easing
A trade official in Singapore with the comments:Global economic uncertainties have increased,...
Leave a comment