Demand Slack at US 30-Year Bond Sale Second Day Running
Thursday's US 30-year bond auction disappointed with a 0.4 basis point tail, the second straight day of weak demand.
12 min ago6 min read
Fed's Barkin: Jobs report 'healthy', but employers see economy with low hiring and low firing
Barkin described the jobs report as 'healthy' and said firms see an economy with low hiring and low firing. He also noted no base case for the December meeting.
09/11/2026 19:112 min read
Remarks from Barkin included:
- No base case for the December meeting
- Impact of elections on the economy is hard to ascertain
- Current policy rate is likely around or a bit below neutral
- He does not think ballot measures will impede data center construction; companies will find other locations
'Slightly below' neutral is a fresh talking point, which is surprising given the Fed funds rate is nearly 4%. For Barkin, this suggests that rates may increase more than the 50 bps currently anticipated in the market over the next year.
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