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Search resuls for: "Tom Barkin"


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☆ Fed policymakers signal rate-hike slowdown coming, but no easing
  + stars: | 2023-01-12 | by ( Ann Saphir | ) www.reuters.com   time to read: +4 min
"It is encouraging that we got some information today that went in the right direction," St. Louis Fed President James Bullard said at an event organized by the Wisconsin Bankers Association. REUTERS/Dado Ruvic/Illustration 1 2'STEER MORE DELIBERATELY'Speaking earlier on Thursday to a business group in Pennsylvania, Philadelphia Fed President Patrick Harker said he believes quarter-percentage-point rate hikes are indeed now appropriate. Richmond Fed President Tom Barkin said on Thursday that inflation over the last three months has gone in the "right direction" and allows the Fed to "steer more deliberately" in its battle against price pressures. The Fed ultimately pushed borrowing costs, and the U.S. unemployment rate, into double-digit territory during that period before stopping the upward spiraling of prices. Fed policymakers say they do not expect the unemployment rate, currently 3.5%, to rise much more than a percentage point in the course of the current inflation fight.
☆ Stocks climb, dollar falls after U.S. inflation data
  + stars: | 2023-01-12 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +3 min
Still, a separate reading on the labor market showed weekly initial jobless claims came in at 205,000, below expectations of 215,000. Many market participants are looking for signs of weakness in the labor market as a key sign of slowing inflation. On Wall Street, equities were choppy after the data, with the S&P 500 falling as much as 0.8% before rebounding. Richmond Federal Reserve president Tom Barkin echoed the sentiment about the data and said it allowed the Fed to "steer more deliberately". Crude prices rose in the wake of the data, getting an additional boost from optimism over China's emergence from its COVID-19 restrictions creating additional demand.
☆ Important inflation data and big bank earnings could create volatility for markets in week ahead
  + stars: | 2023-01-06 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
Other speakers include Atlanta Fed President Raphael Bostic Monday. On Thursday, Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin and St. Louis Fed President Bullard all speak at separate events. Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins have appearances Friday. The most important inflation report in the week ahead is the consumer price index, released Thursday. Import prices 10:00 a.m. Consumer sentiment 10:00 a.m. Minneapolis Fed President Neel Kashkari 10:20 a.m. Philadelphia Fed's Harker 9:00 a.m. Boston Fed President Susan Collins
☆ Jobs report shows labor market remains tight, says Richmond Fed President Tom Barkin
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJobs report shows labor market remains tight, says Richmond Fed President Tom BarkinTom Barkin, Richmond Fed President, joins 'Squawk on the Street' to discuss the tight labor market, how firms are handling price increases, and equity markets pricing in rate changes.
☆ Midterms could be a positive catalyst for stocks as investors await next big inflation report
  + stars: | 2022-11-04 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
There are two big hurdles for markets in the week ahead - another potentially hot consumer inflation report and the Congressional midterm elections. "100% of the time, the S & P 500 has been up 12 months after the midterm election." Midterm rallies Stocks tend to gain in the final months of midterm election years, and strategists have been expecting the market to move higher. CFRA Chief Market Strategist Sam Stovall said even when interest rates are climbing, the midterm election has been a catalyst for stocks. He examined market performance in other midterm election years when interest rates were going up.
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