Fed's Barkin (2027 voter) says inflation is higher than our target but it doesn't seem to be accelerating just yet; unemployment has ticked up but not ticking out of control
Barkin's comments indicate a nuanced view on inflation; while it currently exceeds the Fed's target, the lack of acceleration suggests that immediate monetary policy tightening may not be warranted.
Newsquawk Daily Asia-Pac Opening News - 14th January 2026
US President Trump says he is heading back to the White House and will look at Iran, adds that "Iran is on my mind" and will get death figures shortly
Fed's Barkin (2027 voter) says inflation is higher than our target but it doesn't seem to be accelerating just yet; unemployment has ticked up but not ticking out of control
US Private Inventory Data (bbls): Crude +5.28mln(exp. +0.419mln), Distillate +4.34mln (exp. +0.129mln), Gasoline +8.23mln (exp. +0.242mln), Cushing +0.95mln (prev. +0.7mln)
US President Trump says the economy is booming, with the private sector growing by over 5% due to business investment. Adds that inflation trends are looking good and that "All the smart money knows the HOTTEST Economy in the World is the U.S.A"
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His stance on unemployment remaining stable rather than out of control highlights the balance the Fed is attempting to strike amidst current economic uncertainties. This could lead to limited volatility in USD and yields as traders assess the Fed's next moves against this backdrop.
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