Federal Reserve Bank of Richmond President Tom Barkin said the US-Israel war in Iran threatens to add to already elevated inflationary pressures and clouds the economic outlook at a time when the ...
WASHINGTON — Businesses continue to act as if high oil prices will prove only a short-term disruption, with little evidence yet it has caused consumers to pull back on spending or shifted public ...
Richmond Fed President Thomas Barkin said that the Iran war has complicated the economic outlook, carrying risks for ongoing inflation and consumer demand. Speaking at an economics meeting in Johnson ...
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin looks on at the Economic Club of Washington DC in Washington, D.C., U.S., April 9, 2025. REUTERS/Kevin Mohatt/File Photo WASHINGTON ...
Like many others, officials at the Federal Reserve are monitoring the situation in the Middle East and are growing more concerned about its effect on inflation and the job market. Three Fed ...
Things continue to look dicey for the U.S. economy and stock market.
Federal Reserve policymakers are expected to again hold short-term borrowing costs steady when they next meet April 29-30.
Higher inflation expectations could keep prices elevated despite a ceasefire, complicating the Fed’s path back to its 2% ...
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