Fed's Barkin says US inflation is still too high

<p>Federal Reserve Bank of Richmond President Thomas Barkin</p><ul><li>Despite falling from its peak inflation is still too high</li><li>demand is still elevated compared with its pre-pandemic trend</li><li>elevated demand is boosting inflation higher</li><li>says he'd be content with more hikes if inflation is not progressing toward the goal</li></ul><p>-</p><p>Barkin jumping on board the July Federal Open Market Committee (FOMC) rate hike bandwagon it would seem. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.