Fed's Barkin (2027 voter) says there is no base case for the December meeting; Current policy rate is likely around or slightly below neutral
ORIGINAL · NewsquawkFed's Barkin (2027 voter) says there is no base case for the December meeting; Current policy rate is likely around or slightly below neutralRead originalHide original
Rates/Economy Current policy rate is likely around or slightly below neutral Last jobs report was 'healthy', but still sees firms in a low-hire, low-fire environment Communication Would be an advantage if each Fed policy meeting were set to include two full months of economic data Election Hard to know the impact of the elections on the economy Does not think ballot measures approved in recent elections will impede data centre expansion; firms will find somewhere to build
Barkin said there was no base case for December, assessed policy as around or slightly below neutral, described labor conditions, and commented on data timing and elections.
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Rates/Economy Current policy rate is likely around or slightly below neutral Last jobs report was 'healthy', but still sees firms in a low-hire, low-fire environment Communication Would be an advantage if each Fed policy meeting were set to include two full months of economic data Election Hard to know the impact of the elections on the economy Does not think ballot measures approved in recent elections will impede data centre expansion; firms will find somewhere to build
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