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Cooler Jobs Market Won’t Rule Out Another Hike, Fed’s Barkin Says
Federal Reserve Bank of Richmond President Thomas Barkin said that moderating employment last month was a welcome indication of a normalization of the labor market but that his view on whether to raise rates again will depend more on inflation reports. “What we saw today was data that showed a gradual lessening of the job market,” Barkin said in a CNBC interview Friday. “I think that’s what those who would like to not see another rate hike would want to see. We’ll see what inflation comes in.” The US central bank’s policy-setting Federal Open Market Committee held interest rates at a 22-year high for a ... (full story)