Fed's Barkin: There has been a noticeable shift in the jobs market

  • Interesting comment from the RIchmond Fed President
Thomas Barkin Richmond Fed

Barkin isn't prone to exaggeration. If anything, he's careful in choosing his words but he's highlighting a 'noticeable shift' in the jobs market and says that executives are noting lots of applicants for every position.

More:

  • Fed is seeing a lot less data and trying to feel its way through
  • Consumers are spending but they are not as flush as in recent years and are making choices

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