Federal Reserve's Barkin: Changes in U.S. economic activity are limited, and interest rates are expected to adjust moderately

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, stated that he expects limited changes in U.S. economic activity for the remainder of the year, and therefore the adjustments to the Federal Reserve's interest rates may be relatively moderate. He pointed out that the mild fluctuations in the economy will lead to slight adjustments in interest rates, but the final decision will depend on the performance of future economic data. Investors generally expect the Federal Reserve to cut interest rates at the September meeting, but Barkin did not provide a clear signal, stating that he would make a judgment based on all information on the day of the meeting