Tom Barkin from the Richmond Fed indicates that inflation concerns could lead to additional rate increases.
Federal Reserve Raises Interest Rates Amid Inflation Concerns The Federal Reserve’s recent choice to increase interest rates could be the beginning of a series of hikes intended to manage ongoing inflation issues. In this context, a leader from the central bank shared insights on future inflation trends. In a speech to the CFA Society Baltimore, […]
Ellen Barkin Sees No Distinction Between ICE and Nazis
Ellen Barkin’s Controversial Comparison Ellen Barkin, an elderly actress, has stirred up some strong reactions by comparing ICE agents to Nazis. She questioned, “What’s the difference between ICE arresting and disappearing thousands of innocent people and the Gestapo herding millions of Jews into bullock carts bound for concentration camps?” This remark has drawn a lot […]
US firms’ ‘low firing’ approach could turn to more layoffs, Fed’s Barkin warns
Jim Thorne, chief market strategist at Wellington Altus Private Wealth, argues that the Fed needs to get inflation down to neutral levels quickly. In newly released comments, Richmond Fed President Thomas Barkin said U.S. companies’ current approach to hiring decisions — hiring fewer people and firing fewer — is likely short-lived, and he noted the […]