Fed's Barkin - says a 75bp rate hike seems sensible

Federal Reserve Bank of Richmond President Thomas Barkin.

Barkin was speaking earlier on Tuesday in the US. He is at it again:

• I am pretty comfortable that pandemic shocks will ease in time
• Commodity shortage easing much more difficult to forecast
• Fed's rate path depends on supply issues abating and when that happens is very hard to know
• We don't look like we'll have a repeat of financial crisis
• My hope is if we have a recession as we normalize inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term that it will be mild
• In current environment, there's been a lot of movement already on long-term rates
• Seemed sensible to respond to the recent inflation with change to 75 bps hike
• Think it's good at right times not to be 'slave' to your recent guidance and be nimble
• We need to see if inflation settles around us
• Soft landing is possible but so is a recession
• I expect continued volatility Volatility In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, Read this Term around economic indicators
• That could mean inflation readings go up and down, before stabilizing
• Possibility we see more deglobalization and more labor shortages due to lack of immigration
• That may mean we have more headwinds on inflation, risk am attuned to

Headlines via Reuters

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This earlier from Barkin

Fed's Barkin: Fed will do what it takes to reduce inflation

Fed will do what it takes to reduce inflation

Fed will do what it takes to reduce inflation