Fed’s Barkin doubts likelihood of negative rates even though the market is pricing them in

Fed’s Barkin doubts likelihood of negative rates even though the market is pricing them in

Richmond Federal Reserve President Thomas Barkin told CNBC that he still doesn’t expect negative interest rates to become official policy, even as markets pulled the central bank in that direction.

Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022, amid expectations that the central bank would need to keep its policy rate that banks…

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