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Richmond Fed's Barkin expects inflation will fall into next year, hints at slowing rate cut pace

By Yahoo! Finance   |   1 year ago
Richmond Fed's Barkin expects inflation will fall into next year, hints at slowing rate cut pace

Richmond Fed President Tom Barkin predicts a decrease in inflation next year, despite recent stable inflation data. He suggests a slower pace of rate cuts and notes consumer behavior influencing businesses' pricing power. Barkin hints at cautious rate adjustments amid uncertainty about the economy.

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