A post by @FirstSquawk on X.

Richmond Fed President Thomas Barkin said resilient demand combined with broad-based cost increases is exerting upward pressure on prices, and that he is hearing reports of widespread cost pressures across the economy. Barkin added that firms intend to pass higher costs through to customers, and he flagged a risk that companies will pass on higher energy costs as well. The comments signal that inflation concerns remain live among Fed officials even as demand holds up. Traders will watch whether other policymakers echo Barkin's emphasis on cost pass-through ahead of the next Fed meeting, and whether incoming inflation and energy data validate his warning.