Federal Reserve official Biking: "Blackout sailing" awaits data guidance, the real labor market is weaker than it appears.

The Securities Times APP learned that Thomas Barkin, President of the Federal Reserve Bank of Richmond, is optimistic about the inflation outlook, but also suggests that the labor market may be weaker than the existing data reflects. Barkin emphasized some data showing employment growth and job postings declining, while the number of unemployment benefit applicants remains essentially stable.