Central Banks

Fed’s Barkin: US economy still on a good growth trajectory

Speaking in Farfax Virginia

  • consumer, business confidence supports growth
  • fiscal stimulus has helped lift confidence
  • US economy is in good growth trajectory
  • trade dispute risks sapping business confidence
  • not seeing outsize wage pressures despite low jobless
  • the economy is pretty tight and it’s getting tighter
  • US plan of tariffs does cause issue with business confidence, nervousness among those firms he speaks to
  • US has a very strong employment market
  • inflation is essentially at the Feds 2% target
  • companies lack pricing power, aiding stable pricing
  • Fed policy is still pretty accommodative
  • hard to argue current stance is appropriate given strength of the US economy
  • US productivity currently lower than potential of businesses
  • declines to comment on how many rate increases he sees this year

Source link

Articles You May Like

NZDUSD moves above the 200 hour MA in over a month. Can it stay above?
Off the lows but bearish sentiment still intact
QE has done its job and ECB can now afford to wind it down
Yen crosses lower again today
Successfully Trade Trends in Forex Trading by Adam Khoo

Leave a Reply

Your email address will not be published. Required fields are marked *