The U.S. central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to ...

Federal Reserve Bank of Richmond President Tom Barkin said he believes the central bank’s current level of interest rates ...

The Richmond Fed president is upbeat despite uncertainty over what will happen as President-elect Donald Trump seeks to ...

The outlook for the U.S. economy in 2025 is positive with more upside than downside risk to growth despite uncertainty about ...

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.2 ...

Experts alerted Triangle business owners of what to expect in 2025, from Trump's tariffs to the local real estate scene.

Federal Reserve Bank of Richmond President Tom Barkin sees interest rates as less restrictive in 2025, aiming to lower ...

Federal Reserve Bank of Richmond president Tom Barkin said he believes the central bank’s current level of interest rates remains restrictive enough to lower inflation in 2025. Barkin voted in favour ...

Barkin, who voted in favor of a quarter-point ... and inflation slightly higher than officials had predicted. The Fed’s preferred inflation gauge rose 2.4% for the year ending in November.

Richmond Fed President Tom Barkin said Friday his outlook for the economy is positive, with continued growth and price-sensitive consumers helping lower inflation. But he quickly added that there is a ...

Officials want to lower inflation even more without appreciably hurting the labor market, Barkin added. After rotating off the Fed's voting panel in 2025, Barkin observed that the U.S. economy ...