President of the Federal Reserve Bank of Richmond Barkin has crossed the wires and said that the recent rate cuts do not mean the Fed is in a prolonged easing cycle.
Key comments:
- The US labor market is very strong while consumers are confident.
- Uncertainty related to trade and weaker growth overseas both pose headwinds.
- Trade uncertainty, weaker growth abroad pose headwinds.
- US economy giving Fed conflicting signals.
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