Richmond Fed President Thomas Barkin expressed optimism about the United States' economic outlook through 2025. He cited the resilience of the labor market and consumer spending as key drivers of his positive outlook. Barkin also predicted that the labor market will shift toward hiring rather than layoffs in the coming year. He acknowledged that stronger hiring could pose risks on the inflation front. Additionally, Barkin pointed to growing confidence in financial markets as investors adjust to the Federal Reserve's outlook for a slower pace of rate cuts in 2025. Overall, Barkin's comments align with the central bank's cautious optimism about inflation risks.



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