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Breaking Posted 2 hours ago

Fed's Barkin: Rates Restrictiveness Unclear, Labor Market Vulnerable

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Richmond Fed President Barkin stated uncertainty on whether current rates are restrictive, signaled labor market strength doesn't match headline numbers, and agreed excessive forward guidance constrains policy flexibility. USD weakness continues as dovish Fed narrative dominates; traders eyeing USD/JPY and EUR/USD for further softening on reduced rate-hike expectations.
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