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

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.