Fed's Barr (voter) says we are not in recession but there's been little job creation, while he hasn't decided on what to do at the June FOMC meeting

Barr's comments underscore a nuanced view: he acknowledges the absence of a recession but highlights stagnant job creation, suggesting cautiousness among Fed members as they approach the June meeting. This may indicate a more dovish stance, potentially reinforcing existing market expectations regarding interest rate decisions, and can have implications for USD performance and broader fixed income sentiment.