Fed's Barr (voter) says inflation has been brought down from 2022 highs to about 3% today, but emphasises the Fed has more work to do to get it down to 2% via continued rate adjustments

Fed's Barr indicates that while inflation has decreased from 2022 highs to around 3%, further rate adjustments are necessary to reach the 2% target.

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Fed's Barr (voter) says inflation has been brought down from 2022 highs to about 3% today, but emphasises the Fed has more work to do to get it down to 2% via continued rate adjustments

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Context

This suggests a continued hawkish stance from the Fed, which could impact market expectations for future rate hikes and drive volatility in FX and fixed income as traders adjust their positions based on the Fed's commitment to combat inflation.

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