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FED'S BARKIN: DEMAND IN THE ECONOMY IS SOLID, THOUGH SOME SECTORS DON'T FEEL IT
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Richmond Fed President Thomas Barkin said overall demand in the U.S. economy remains solid, while acknowledging that some sectors are not experiencing that strength. The remarks offer a mixed read on economic conditions as the Federal Reserve weighs its next policy steps. Investors will watch upcoming demand, inflation and labor data for confirmation of whether the resilience Barkin describes is broad-based or concentrated.
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Thomas Barkin, Federal Reserve