FED'S BARKIN: FIRMS, CONSUMERS, NOT ACTING AS IF THEY EXPECT LONG-TERM EFFECTS FROM OIL SHOCK BARKIN: EXPECT SLOW PROGRESS ON INFLATION, NOT A QUICK RETURN TO TARGET BARKIN: DO NOT SEE INFLATION EXPECTATIONS AT RISK OF BREAKING OUT BARKIN: GOODS FIRMS FEEL PRICING POWER IS LIMITED, BUT SERVICES FIRMS FEEL THEY HAVE MORE LEEWAY BARKIN: CONSUMER SPENDING STILL SEEMS RESILIENT

2026-04-01

FED'S BARKIN: FIRMS, CONSUMERS, NOT ACTING AS IF THEY EXPECT LONG-TERM EFFECTS FROM OIL SHOCK BARKIN: EXPECT SLOW PROGRESS ON INFLATION, NOT A QUICK RETURN TO TARGET BARKIN: DO NOT SEE INFLATION EXPECTATIONS AT RISK OF BREAKING OUT BARKIN: GOODS FIRMS FEEL PRICING POWER IS LIMITED, BUT SERVICES FIRMS FEEL THEY HAVE MORE LEEWAY BARKIN: CONSUMER SPENDING STILL SEEMS RESILIENT