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Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said on Wednesday. The reports released last week "underline the challenge we have had in the recent data," with a slowdown of inflation dependent on falling goods prices, while shelter and services inflation has remained sticky, Barkin said in an interview with Sirius XM. "You do worry that when the goods price deflation cycle ends you are going to be left with shelter and services higher than you like," Barkin said.
(Bloomberg) Federal Reserve Bank of Richmond President Thomas Barkin said recent economic data highlighted how price pressures in some sectors are still too high, despite improvement in the overall inflation picture. Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseCapital One to Buy Discover for $35 Billion in Top 2024 DealUS Tells Allies Russia May Lau
In 1985, the toy line that changed movie merch forever came to a close when Kenner called time on Star Wars. But it almost kept going with a brand new story.