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Fed's Barkin: "A lot of time" before September rate decision needs to be made

08/19/2022 | 11:23am EDT
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas

OCEAN CITY, Md. (Reuters) - Federal Reserve officials have "a lot of time still" before they need to decide how large a rate increase to impose at the upcoming Sept. 20-21 policy meeting, Richmond Federal Reserve bank president Thomas Barkin said on Friday.

With an unusually long eight-week gap between meetings, the Fed still has "another bite" at data including jobs, inflation and other reports that will shape whether the central bank opts for a half-point increase or a third consecutive three-quarter point hike.

(Reporting by Howard Schneider)


© Reuters 2022
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AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.19% 0.6428 Delayed Quote.-10.87%
BRITISH POUND / US DOLLAR (GBP/USD) -0.67% 1.0682 Delayed Quote.-20.44%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.33% 0.7266 Delayed Quote.0.00%
EURO / US DOLLAR (EUR/USD) -0.20% 0.95806 Delayed Quote.-15.60%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.30% 0.012202 Delayed Quote.-8.75%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.09% 0.56396 Delayed Quote.-17.14%
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