Richmond Fed President Thomas Barkin said the balance of risks has shifted decisively toward inflation, explaining the Fed’s latest tightening move and keeping further hikes firmly in play. Speaking Tuesday at the CFA Society Baltimore at The Center Club in Baltimore, Barkin said, “The risks to inflation outweigh the risks to maximum employment.” Headline PCE […]
The post Fed Barkin Says Inflation Risks Outweigh Jobs Risks, Leaves Door Open to More Hikes appeared first on ActionForex.
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Australia’s private-sector expansion lost substantial momentum in September, with the S&P Global Flash Composite PMI falling to 50.8 from 52.7, its weakest reading of the third quarter. Services activity remained in expansion but slowed for Read more…
Key Highlights WTI Crude Oil started a sharp downside correction from $106.75. It traded below a bullish trend line with support at $100.50 on the 4-hour chart of XTI/USD. EUR/USD struggled below 1.1520 and might Read more…