Fed’s Barkin: Don’t know how long supply shortages will last


Thomas Barkin, President of the Richmond Federal Reserve Bank, said on Monday that he doesn’t know how long supply shortages will last, as reported by Reuters.

Barkin further noted that he expects inflation to moderate to normal levels over time.

Market reaction

These comments don’t seem to be having a noticeable impact on the USD’s performance against its major rivals. As of writing, the US Dollar Index was up 0.1% on the day at 91.89. Meanwhile, the S&P 500 Index continues to trade sideways a little below 4,300. 

Articles You May Like

GBP/USD Price Analysis: Stumbles below 1.2100 on buoyant US Dollar
Dollar Down as Smaller Fed Hike Affirmed, But Downside Potential Limited
USDCAD sniffs the rising 100 hour MA and bounces on the first test
The Billion Dollar Trading Strategy
HP laying off 4,000-6,000 employees globally over the next three years