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Barkin Says Fed Needs 'Little Bit More Time' to Lower Inflation

(Bloomberg) -- Federal Reserve Bank of Richmond President Thomas Barkin said the US central bank needs to keep borrowing costs elevated for longer to lower inflation to its 2% target, citing higher prices in the services sector.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40...
Bloomberg Businessweek Thomas Barkin Bloomberg Federal Reserve Bank Bureau Of Labor Statistics Reserve Bank Richmond President Thomas Barkin
Source: yahoo.com

US Mortgage Rates Decrease for Second Week, Falling to 7.02%

(Bloomberg) -- Mortgage rates in the US eased further, relieving some pressure on buyers forging ahead in a tough US housing market.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40,000 Mark: Markets WrapWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceThe avera...
Jerome Powell Sam Khater Jiayi Xu Bloomberg Businessweek Freddie Mac Federal Reserve
Source: yahoo.com

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