Fed's Barr: Inflation Drop Hopeful, But Oil Prices Pose Risk
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve Governor Michael Barr expresses hope for inflation drop this year, but higher oil prices from Middle East conflict pose a threat. He seeks clear signs of sustainably lower prices before further rate cuts, assuming job market stability. The Feds recent rate pause highlights tension in its dual mandate, with persistent inflation above target and softening labor market. Higher gasoline costs disproportionately impact low and moderate income families, fueling stagflation concerns. Wall Street firms now see fifty percent recession odds, doubting Feds projected rate cuts and pricing in potential rate hikes if energy shocks persist.
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