Fed's Barkin: 50 or 75 bps rate hike in July "pretty reasonable"
June 21 (Reuters) - Richmond Federal Reserve President Thomas Barkin said on Tuesday that an interest rate increase of 50 or 75 basis points at the U.S. central bank's next policy meeting in July is a good base case.
"I am pretty comfortable with what Jay said. ...He gave a range that feels pretty reasonable," Barkin said during a webinar held by the National Association for Business Economics, referencing Fed Chair Jerome Powell's comments that either 50 or 75 basis points were the most likely scenarios.
Reporting by Lindsay Dunsmuir; Editing by Richard Chang
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.