Market news
11.07.2019, 14:47

Richmond Fed president Barkin: There is still a lot of important economic data to come before next Fed meeting - Bloomberg

  • Says risks are tilted a bit more to the downside
  • Markets will adjusted rates end up not suggesting a need for a cut
  • Businesses are not cutting back on spending but they are not leaning forward
  • Consumer companies he talks to do not see demand weakening
  • If needed, rate Cuts would stimulate economy in many Ways
  • Sees a low likelihood of strong price hikes in the economy
  • There are not that many tariffs in the U.S. economy
  • Businesses are starting to think U.S. tariffs on China may be long-term
  • U.S. labor market is tight
  • He is focused on economic data, not the markets
  • The Fed will discuss what to do with balance sheet if they decide to change rates
  • Hopes and expects that President Trump will not remove Fed Chairman Powell

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