Central Banks
Cooler Jobs Market Won’t Rule Out Another Hike, Fed’s Barkin Says
- Inflation reports will be the key to his view, Barkin says
- Richmond Fed president says too early to prejudge next meeting
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Federal Reserve Bank of Richmond President Thomas Barkin said that moderating employment last month was a welcome indication of a normalization of the labor market but that his view on whether to raise rates again will depend more on inflation reports.
“What we saw today was data that showed a gradual lessening of the job market,” Barkin said in a CNBC interview Friday. “I think that’s what those who would like to not see another rate hike would want to see. We’ll see what inflation comes in.”