A post by @FirstSquawk on X.

Richmond Fed President Thomas Barkin said the cost pressures businesses have faced over the past 18 months—beginning with tariffs—are broad based, and that firms feel they have to pass them along to customers. The remark signals that tariff-driven input costs are becoming embedded in pricing decisions rather than being absorbed by margins. It matters because persistent pass-through raises the risk that inflation stays above target, complicating the case for near-term rate cuts. Traders will watch upcoming inflation and producer-price data, along with other Fed speakers, for confirmation that pricing pressure is broadening.