But if inflation expectations bring down prices, then the Fed might do less.īarkin said that there are some factors about the coming out of the pandemic that have negated the economic impact of the Fed’s rapid rate hikes. If spending is strong because people have money and jobs, the Fed might need to hike more. The Richmond Fed president said a “fundamental question” for Fed officials will be how much slack will the central bank need to have to bring inflation down to the 2% target. ![]() In his talk with reporters, Barkin made several interesting points about the labor market and the economy:īarkin said workers seeking higher wages was not driving prices higher, but said part of the reason the Fed shouldn’t linger in fighting inflation is that if it were to persist, “it might well lead to a greater set of people feeling left behind.” He did say more than once that the Fed will learn more about the economy “over the next few months.” The Richmond Fed president, who will be a voting member of the interest-setting committee next year, is not the only Fed official who has used the metaphor that the Fed is trying to find a path forward in a storm.Ĭhicago Fed President Austan Goolsbee said Wednesday that the central bank was “in this weird, foggy environment where it’s hard to figure out whether we’ve done enough, how much more needs to be done.”Ītlanta Fed President Raphael Bostic said Wednesday he wants the Fed to hold rates steady through the end of the year to give the central bank time to see how the economy progresses.īarkin wouldn’t comment about what he would like the Fed to do at its next meeting in late July. Fed Chairman Jerome Powell told Congress this week that a “solid majority” of Fed officials expect two more 25-basis-point rate hikes this year, but he didn’t specify the timing of the moves. Last week, the Fed held interest rates steady after hiking at 10 straight meetings. Read: Barkin says stubborn inflation may require more rate hikes If it doesn’t, Barkin said he is comfortable doing more. The company was founded in May 1990 and is headquartered in Austin, TX.“I will be very interested in whether I can get convinced that there’s still more to do or I can get convinced that we’ve done enough,” Barkin said.īarkin said that he thinks there is a “plausible story out there” about inflation coming under control. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including Nextracker business, grid edge, and power systems. The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. operates as a manufacturing services company. Can I afford to never work again?įlex Ltd. ‘I’m 62 and ready for my golden years’: I’ve $1.7 million in annuities, Roths and index funds. I’m 54 and the primary earner but ‘professionally, I am exhausted’ - we have $2.18 million but what about healthcare? The S&P 500 Could Jump Ahead of the Fourth of July. ![]() Japanese Stocks Are Trouncing the S&P 500. My brother and sister insist I share our mother’s $440,000 estate with their 8 children, or they’ll cut off all contact. That could harm companies’ diversity efforts. Supreme Court ended affirmative action at colleges. ![]() What if you can’t pay back your student loans when payments start again? These are your options. Supreme Court blocked Biden’s student-loan forgiveness. No, cancellation would ‘punish’ poor Americans. Supreme Court ruling on student debt will ‘devastate’ borrowers.
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