Richmond Fed president Barkin: Spending has come back faster than employment

Market news

13 May 2021

Richmond Fed president Barkin: Spending has come back faster than employment

U.S. recovery has outpaced most of the world
Housing is booming and consumer confidence is skyrocketing
I'm hopeful we're on the brink of completing the recovery
Question of how to unclog the labor market is going to be critical to recovery
Expectations, business outlook, not pointing to persistent, multi-year jump in inflation
Supply constraints could limit potential upside in overall growth

USD: Markets will inevitably doubt Fed guidance but no reason to change core bearish USD view yet - MUFG

China’s Premier Li: Foundation of our economic recovery is still shaky - SCMP

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