Fed's Barkin Says Half-Percentage-Point Rate Cut In September Warranted Because Rates Were 'Out Of Sync' With Decline In Inflation And The Unemployment Rate Near Its Sustainable Level; Fed Can't Declare Inflation Battle Over, Says He Expects Little...

Benzinga · 00:07

Fed's Barkin Says Half-Percentage-Point Rate Cut In September Warranted Because Rates Were 'Out Of Sync' With Decline In Inflation And The Unemployment Rate Near Its Sustainable Level; Fed Can't Declare Inflation Battle Over, Says He Expects Little Further Drop In Core Personal Consumption Expenditures Price Index Until Next Year; Half Percentage Point Of Cuts Shown As The Median Fed Policymaker Projection For The Rest Of This Year Would Also Take 'a Little Bit Of The Edge Off' Rates

- Reuters

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Fed's Barkin Says Half-Percentage-Point Rate Cut In September Warranted Because Rates Were 'Out Of Sync' With Decline In Inflation And The Unemployment Rate Near Its Sustainable Level; Fed Can't Declare Inflation Battle Over, Says He Expects Little...

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