$TRUMP Breaking: Fed hints at more rate hikes as markets sink into a sea of losses
In an interview on SiriusXM on Friday, Tom Barkin, president of the Federal Reserve Bank of Richmond, said that persistent inflationary pressures and resilient economic activity support continuing to raise interest rates, even as policymakers debate the appropriate pace of tightening. Barkin described the overall path of monetary policy as “clear” given low unemployment and resilient demand, emphasizing that gradual rate hikes allow officials to assess incoming data before taking their next steps.
The remarks followed the central bank’s decision earlier this week to leave its benchmark interest rate unchanged in a range of 3.75% to 4.00%, a pause accompanied by new guidance linking monetary policy decisions to the accumulation of more data. Federal Reserve Chair Kevin Warsh said that financial conditions had tightened further since the rate hike in September, but declined to describe them as explicitly restrictive, prompting financial markets to price in an additional quarter-point hike at the upcoming December 8–9 meeting.
$XAU
#UniswapA16zSeekDeFiExemptionFromIllinoisCryptoTax #HKDollarStablecoinHKDAPToLaunchOnSolana #$1.5BInLeveragedCryptoBetsLiquidated #TrezorSaysCryptoBilisSoldWalletMayContainMaliciousComponents
In an interview on SiriusXM on Friday, Tom Barkin, president of the Federal Reserve Bank of Richmond, said that persistent inflationary pressures and resilient economic activity support continuing to raise interest rates, even as policymakers debate the appropriate pace of tightening. Barkin described the overall path of monetary policy as “clear” given low unemployment and resilient demand, emphasizing that gradual rate hikes allow officials to assess incoming data before taking their next steps.
The remarks followed the central bank’s decision earlier this week to leave its benchmark interest rate unchanged in a range of 3.75% to 4.00%, a pause accompanied by new guidance linking monetary policy decisions to the accumulation of more data. Federal Reserve Chair Kevin Warsh said that financial conditions had tightened further since the rate hike in September, but declined to describe them as explicitly restrictive, prompting financial markets to price in an additional quarter-point hike at the upcoming December 8–9 meeting.
$XAU
#UniswapA16zSeekDeFiExemptionFromIllinoisCryptoTax #HKDollarStablecoinHKDAPToLaunchOnSolana #$1.5BInLeveragedCryptoBetsLiquidated #TrezorSaysCryptoBilisSoldWalletMayContainMaliciousComponents
