Economic TimesLean R·
US economy firming as inflation risks persist, says Richmond Fed’s Tom Barkin
The US economy demonstrates resilience with strong consumer spending and growth beyond technology sectors. Richmond Fed President Tom Barkin remarks that inflation remains a more pressing concern than labor market weaknesses. The Federal Reserve raised interest rates last week to address rising price pressures. Barkin indicates that demand-driven inflation is becoming a significant factor affecting the economy. Various sectors, including defense and manufacturing, are experiencing positive deve…
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