Fed’s Barkin (2024 voter) says he is very comfortable with a data-dependent approach, but not yet convinced inflation is on a steady path downward, according to Reuters Sees demand moderating but it may need to cool even more for inflation to come back to the Fed’s 2% target. US labour market has moved from “red hot to hot”, tough some secondary indicators point to some easing despite a low unemployment rate. Is withholding June meeting rates decision as there is still data to come, uncertainty around bank credit and the debt ceiling