Yesterday's PCE still high: Wage pressure and inflation persist.
Will not rush to cut interest rates.
→ Barkin has a neutral stance so this hawkish view is noteworthy.
MARKET DAILY
Market 03/01: Fed members express divergent views
Stocks hit new highs again, NYCB continues to be the weak point of the banking sector. S&P Global Manufacturing PMI and ISM diverge the most in 3 years.
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