🔴 Fed member Barkin: Interest rates are near the neutral level, and a gradual approach is most appropriate
🏦 Fed policymaker Barkin said corporate profits remain strong, supporting investment and labor retention.
🔔 He noted that cost pressures have been elevated and broadly based over the past 18 months.
❌ He said he does not expect inflation to accelerate, but at the same time does not see it declining right now.
🌐 He affirmed that the monetary policy path is clear, and that divergence and a gradual pace are the logical choice.
🏦 He stressed that the current monetary policy stance is roughly at the neutral level.
⬅️ Market impact: Barkin’s remarks suggest the Fed is in no hurry to cut interest rates aggressively as long as inflation is not declining and policy is near neutral. This supports the U.S. dollar and weighs on gold.
This is putting downward pressure on gold against the dollar
#BinanceReopensWithdrawalsForMoreAssets
🏦 Fed policymaker Barkin said corporate profits remain strong, supporting investment and labor retention.
🔔 He noted that cost pressures have been elevated and broadly based over the past 18 months.
❌ He said he does not expect inflation to accelerate, but at the same time does not see it declining right now.
🌐 He affirmed that the monetary policy path is clear, and that divergence and a gradual pace are the logical choice.
🏦 He stressed that the current monetary policy stance is roughly at the neutral level.
⬅️ Market impact: Barkin’s remarks suggest the Fed is in no hurry to cut interest rates aggressively as long as inflation is not declining and policy is near neutral. This supports the U.S. dollar and weighs on gold.
This is putting downward pressure on gold against the dollar
#BinanceReopensWithdrawalsForMoreAssets