Type Here to Get Search Results !

Fed officials Barkin see possibility for slower rate hikes ahead

Richmond Federal Reserve President Thomas Barkin on Friday said he is ready to act more "deliberatively" on consideration of the pace of future U.S. interest rate hikes, but said rates could continue rising for longer and to a higher end point than previously expected. Coming two days after the U.S. central bank delivered its fourth straight 75-basis-point rate increase, Barkin's remarks to CNBC signaled that the pace of tightening may slow from here, though he endorsed Fed Chair Jerome Powell's view that rates could ultimately end up higher than officials had previously estimated.

Post a Comment

* Please Don't Spam Here. All the Comments are Reviewed by Admin.