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Fed's Barkin (2027 voter) says firms say demand is fine and are not doing layoffs at scale; expects progress on inflation, which remains above target

Barkin's comments suggest resilience in the labor market, highlighting that companies are maintaining demand and not executing large-scale layoffs.

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Fed's Barkin (2027 voter) says firms say demand is fine and are not doing layoffs at scale; expects progress on inflation, which remains above target

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This may indicate that inflation pressures could ease, but with current levels still above target, it points to a cautious stance for future monetary policy, likely maintaining a hawkish edge in Fed communications.

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