Fed's Barkin: Fed to persist with tighter policy and not to declare victory prematurely

Richmond Fed Pres. Barkin speaking and says:

• There are promising signs inflation pressures are easing, but may take time to show in data
• Sites supply improvements, easier hiring, view among executives that pricing power is temporary as evidence inflation progress is coming
• 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 progress won't be predictable
• Fed to persist with tighter policy and not declare victory prematurely.
• Comfortable with the Fed rate hikes
• A good news story if the Fed does a bit too much and inflation comes down
• Country is a short labor, and demographic projections assist suggest it would worsen over time

There is some easing of the hawkish rhetoric but at the same time the Fed is still set on killing inflation and not letting it reignite.

• Dow is down -160 points or -0.54%
• S&P is down -7.19 points or -0.20%
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is up 10.64 points or +0.1%

In the US debt market:

• 2 year yield 4.152%, -1.7 basis points
• 10 year 3.746%, unchanged
• 30 year 3.724%, +3.1 basis point