Fed's Barkin (2027 voter) says clear sense that the job market has loosened; hard to calibrate what's going on with labour supply; inflation data has been consistently above target
Barkin's comments indicate a dovish stance, highlighting a loosening job market and persistent inflation above target levels.
Apple (AAPL) plans to launch first touch-screen Macs with dynamic island interface this fall
Stripe is considering an acquisition of all or parts of PayPal (PYPL), Bloomberg reports
Fed's Barkin (2027 voter) says clear sense that the job market has loosened; hard to calibrate what's going on with labour supply; inflation data has been consistently above target
Fed's Collins (2028 voter) says quite likely to hold current rates for some time; Policy is mildly restrictive and may be close to neutral; recent job data has been promising; job market softened last year but wasn't soft
US FX WRAP: DXY gains on JPY weakness following Takaichi expressing doubts to the BoJ over more rate hikes
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- Firms say they have very limited pricing power.
- Hopeful inflation retreating to 2%, but wants data to show this clearly.
- Monetary policy is currently well positioned for risks
- AI will be an added driver of higher productivity
His observations about limited pricing power among firms suggest challenges for sustaining inflation control, which may influence future rate path expectations. Traders should monitor the implications for the USD and cross-assets, as well as the potential for shifts in market sentiment regarding monetary policy.
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