Fed's Barkin: Its going to take a while before we get clarity on tariff impact. ...0

News by : (forex live) -
It's going to take a while before we get clarity on tariff impact.Suppliers are emboldened, say they will have to pass on higher prices.Consumers say they are tired of paying higher prices.Not convinced higher prices will be passed on, or that there won't be inflation.To cut rates unique confidence on inflation.Higher the inflation numbers, the less likely you'll see that.1970s stagflation was characterized by out of whack inflation expectations. Not seeing that now.Data right now is okay there is a risk on the employment side..This is not a time for me to say how many rate cuts I have penciled in for this year.I am nervous about inflation and about employment.I'm in no hurry on rate cuts.Let's wait and see how it plays out, as Fed chair says.Balance sheet runoff could be slower, for longer. This article was written by Greg Michalowski at www.forexlive.com.

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