Fed’s Barkin says inflation is easing gradually and labour market risks remain contained.

Richmond Fed President Barkin highlighted a measured tone regarding the U.S. economic outlook. He stated that U.S. inflation is above the Fed's 2% target but does not appear to be accelerating, suggesting that price pressures are easing gradually. In labor market terms, while unemployment has ticked higher, it is not seen as out of control, indicating stability. Additionally, Barkin pointed out a shift in business behavior with reduced willingness among firms to pass on price increases to consumers. His comments reinforce the Fed's message that monetary policy is well-positioned, with inflation gradually easing and labor market risks contained.