Richmond Fed President Thomas Barkin said Thursday that the central bank will need to raise interest rates further, though he is unsure by how much or at what pace. In a CNBC interview at the Richmond Fed's 2026 CFO Summit, he voiced concern over inflation, saying unemployment is near record lows while inflation is too high. He said a gradual pace still makes sense given the uncertainty, and called inflation the most important risk right now. The Fed's benchmark rate is held at 3.75%–4%, and markets price a better than 80% chance of a December hike, according to CME Group's FedWatch tool.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 11/04/2026 | 101.53 |
| Change that session | -0.33% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/04/2026 | 4,060.57 |
| Change that session | +3.32% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/04/2026 | 80,504.01 |
| Change that session | +3.94% |
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/04/2026 | 1.12293 |
| Change that session | +0.33% |
USD/JPY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/04/2026 | 158.427 |
| Change that session | -0.18% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 766.73 |
| Change that session | +1.64% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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