Richmond Fed President Thomas Barkin highlighted persistent uncertainty within the US economic system, pointing to muted enterprise exercise, fiscal drag, and inflation expectations weighing on sentiment. Whereas shopper spending stays resilient for now, policymakers are intently watching the evolving information.
Key Quotes
- Printed information reveals an economic system on the identical trajectory because the final yr or two.
- Companies nonetheless are largely pulling to the sidelines.
- Authorities spending cuts are having an impression on employment and job postings, notably within the D.C. space.
- Shoppers are anticipating inflation, and that has hit sentiment; no proof but that has translated into much less spending.
- Ready to see what occurs with inflation and jobs.
