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Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. Barkin, who votes on monetary policy this year, said Monday the strength of the labor market offers the Fed time to gain confidence that inflation is moving sustainably lower before ...
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Global Markets: US Treasuries had a fairly quiet day on Monday. 2Y yields rose 1.4 basis points, but the 10Y yield fell 2bp to 4.487%. There wasn’t much on the macro calendar to move markets yesterday and the various Fed speakers giving their “patience on rates” message were largely ignored. EURUSD was also little changed and is currently 1.0767. The AUD ...
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