The Latest Breaking News from Tom Barkin

December S&P 500 E-Mini futures (ESZ24) are down -0.32%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.45% this morning as risk-off sentiment prevailed due to the potential for escalating conflict in the Middle East, while investors awaited a new round of U.S. economic data and remarks from a…

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it

The main indexes closed higher Monday after a bull call on Micron boosted several large-cap chipmakers.

The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.

US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.

Tom Barkin, president of the Federal Reserve Bank of Richmond, sees math that doesn't add up for too many—and he thinks "NIMBYism is real."

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace

The warnings have been sounded for more than a year: A recession is going to hit the United States

Federal Reserve governor Philip Jefferson says inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target

Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after price data for April were released

Central bankers see the monetary tightening continuing.