Thomas Barkin

Risk aversion returned on Thursday as stocks retraced their gains from Wednesday. Traders are now closely monitoring the eagerly anticipated non-farm payrolls data set to be unveiled by the Bureau of Labor Statistics on Friday. By midday trading in New York, not a single S&P 500 sector...

Near midday during New York’s trading session, a momentum shift rippled through all indices, offsetting Monday’s gains. S&P Global Ratings downgraded five U.S. regional banks, and has concurrently revised the outlook for two additional banks, a move that has stirred apprehension...

Tuesday marked a risk-off session, dominated by concerns surrounding U.S. banks, which were hit by a wave of downgrades from Moody’s. The credit ratings of 10 small and medium-sized institutions were lowered by a notch, and the rating agency issued a warning of potential downgrades for an...

Federal Reserve officials reportedly said on Tuesday the central bank will have to keep gradually raising interest rates to rein in inflation and suggested sticky price pressures led by a strong jobs market may push borrowing costs higher than they once anticipated. New York Fed President John...

Richmond Fed President Thomas Barkin believes the worst of the inflation surge may have passed but noted the central bank’s fight to rein in inflation "may lead to a downturn" as the interest rate hikes are "challenged" by still-high consumer savings, still-tight labor...

The dollar index hit its highest level since mid-July, trading near 108.22 during Monday morning Asia session, following a hawkish comment from a U.S. Federal Reserve official last week.  Traders are also eyeing Fed Chair Jerome Powell’s speech on the economic outlook...