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Top Fed official signals openness to reverting to half-point rate rise

Top Federal Reserve official Thomas Barkin signals openness to reverting to half-point rate rise amid unexpectedly strong economic data. Reports on inflation and spending are due to be released next week.

  • Top Fed official Thomas Barkin says he is 'open to any outcome' regarding the central bank's conundrum over whether to revert to half-point interest rate rises.
  • Barkin's comments echo similar sentiments this week from Fed chair Jay Powell.
  • Reports on inflation and spending are due to be released next week.
  • The Fed has raised its benchmark rate from near-zero to just below 4.75 per cent, moving in half-point and three-quarter-point increments until shifting down to a more traditional quarter-point pace in February.
  • The latest jobs report showed the US economy registering yet another month of robust gains.
Top Fed official signals openness to reverting to half-point rate rise
Richmond Fed president Thomas Barkin tells the FT he remains undecided on decision amid persistent inflation

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