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Fed's Barkin: Remarkable how strong consumer spending has remained

Started by forex4you, Jul 17, 2024, 08:06 pm

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Fed's Barkin: Remarkable how strong consumer spending has remained

On the point about the consumer, yesterday's retail sales report was very strong but there was a huge seasonal adjustment that has the usual bears questioning the underlying strength.

Other comments from Barkin:

  • Expectation of a recession as needed to slow inflation has not played out
  • Firms are reluctant to let people go, and some sectors are still short on labor supply
  • Clearly on the 'back end' of inflation
  • Firms are still trying to test their pricing power through that is not a permanent state
  • I'm watching the unemployment rate carefully but as open to idea that the policy is not as restrictive as thought


                This article was written by Adam Button at www.forexlive.com.

Source: Fed's Barkin: Remarkable how strong consumer spending has remained

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