A post by @FirstSquawk on X.
FED’S BARKIN SAYS THE U.S. ECONOMY IS “REMARKABLY STABLE,” WITH BUSINESSES PERFORMING WELL AND “REMARKABLE” EARNINGS, LAYOFFS REMAINING MUTED, AND LOAN PIPELINES HEALTHY WITH DEMAND EXTENDING WELL BEYOND ARTIFICIAL INTELLIGENCE
@FirstSquawk on X
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Federal Reserve Bank of Richmond President Thomas Barkin described the U.S. economy as "remarkably stable," citing well-performing businesses, "remarkable" earnings, muted layoffs, and healthy loan pipelines. He said loan demand extends well beyond artificial intelligence, suggesting broad-based borrowing rather than a narrow AI-driven capex cycle. The comments point to resilient corporate fundamentals and credit conditions, which matter for the Fed's read on growth and inflation as it weighs the path of interest rates. Watch next for whether other Fed officials echo Barkin's upbeat assessment and for incoming data on lending and hiring that could test that view.
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Thomas Barkin, Federal Reserve, US economy