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Fed's Barkin: I hear strongly from business contacts that the labor market is normalizing
FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP.
— FinancialJuice (@financialjuice) May 6, 2024
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FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE.
— FinancialJuice (@financialjuice) May 6, 2024
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FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION.
— FinancialJuice (@financialjuice) May 6, 2024
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FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE".
— FinancialJuice (@financialjuice) May 6, 2024
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FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.
— FinancialJuice (@financialjuice) May 6, 2024
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- Posted: May 6, 2024 2:06pm
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