___ Fed’s Barkin: ‘Slow progress’ on inflation, sees more hikes WASHINGTON (AP) — A top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation. Richmond Federal Reserve President Thomas Barkin said Friday that recent reports showing an unusually robust job gain and a spike in retail sales last month reflected in part the impact of warm weather and the government’s seasonal adjustment process, rather than an acceleration of growth that could push inflation higher. ___ Wall Street closes another bumpy week with a mixed finish NEW YORK (AP) — Wall Street closed another bumpy week with a mixed performance. The S&P fell 0.3% Friday after paring a bigger loss from the morning. The Dow Jones Industrial Average rose modestly, while the Nasdaq fell 0.6%. Stocks have hit turbulence in February after shooting higher in January on hopes that cooling inflation could get the Federal Reserve to take it easier on interest rates and that the economy could avoid a severe recession. Recent economic reports have raised worries that inflation is not cooling as quickly and […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
