Stock Groups

Ukraine events not likely to change case for U.S. rate hikes -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – An eagle flies above the facade of Washington’s U.S. Federal Reserve Building, July 31, 2013. REUTERS/Jonathan Ernst/File Photograph

WASHINGTON, (Reuters) – The Russian invasion in Ukraine won’t alter the Federal Reserve’s “underlying logic”, but it will have an impact on the global market and commodities prices, Richmond Federal Reserve President Tom Barkin stated on Thursday.

U.S. interest rate should rise because of “underlying demand”. The labor market has tightened. Barkin stated that inflation is rising and expanding in Maryland. Despite the events in Ukraine, “I don’t think you are going to see much change to the underlying logic…But this is uncharted territory so we will have to see where the world goes.”

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by market makers. As such, they may be incorrect and different from market prices. This means that prices cannot be used to trade. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]