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Richmond Fed President Barkin: The Federal Reserve's policy direction is clear, and a gradual approach is a good choice.
Richmond Fed President Barkin said in an interview with SiriusXM that the Federal Reserve signaled gradual rate hikes at its September meeting, which he believes is reasonable when the Fed is not significantly behind the curve, as it takes time to learn from the economy and external environment. He added that not much has changed since then.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Chile's copper output recorded its worst quarterly performance in at least two decades, affected by accidents, adverse weather, operational setbacks, and declining ore grades.
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Next: Italian students and unions launched protests nationwide on Friday, as the government bolstered security measures in anticipation of unrest. The demonstrations target soaring living costs, education investment, and the Middle East conflict.
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