Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks

(fxcue news) - The U.S. economy is now more vulnerable to inflation shocks than it was in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview to the Financial Times published on Wednesday, as businesses grow increasingly concerned about the impact of the Donald Trump administration's policies regarding tariffs and migrants. "We're somewhat more vulnerable to cost shocks on the inflation side, whether they be wage-[related] or otherwise, than we might have been five years ago," Barkin told FT. The Fed policymaker expects inflation to ease but warned that businesses were passing on costs to consumers more readily than in the past thus having an impact on prices, FT reported. U.S. inflation accelerated to 2.6 percent in October from 2.4 percent in September, while core price growth remained steady at 3.3 percent. In an interview with Yahoo Finance earlier this week, Barkin stressed on the need for Fed to be careful with the pace of the rate-cutting campaign due to the uncertain economic outlook. Last week, Fed Chair Jerome Powell said that the central bank does not "need to be in a hurry to lower rates" due to the strength of the economy, thus damping hopes of a rate cut in December following a quarter-point reduction this month.

Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT

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Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT

Singapore Shares Tipped To Remain Rangebound

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT

Philly Fed Index Unexpectedly Turns Negative In November

European Stocks Modestly Higher In Cautious Trade

Hong Kong Shares May Run Out Of Steam On Thursday

Taiwan Stock Market May Extend Wednesday's Losses

Australian Market Slightly Lower

Bay Street Likely To Open Higher

Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT

Singapore Shares Tipped To Remain Rangebound

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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