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Would you like to build your resume and network with talented peers and professionals? Join us in 2019! Our summer internship program is open to undergraduate and graduate students. http://ow.ly/Ked830m43f5
#RichmondFedInternspic.twitter.com/mnTtbWtw3X
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Tom Barkin talks with
@marshallu business students this afternoon during a visit to the campus in Huntington, West Virginia.pic.twitter.com/LuajWRbMsC
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There’s never a dull moment when you’re developing your skills and having fun! Apply to our 2019 summer internship program to learn about our work and gain hands-on experience in your field of interest. http://ow.ly/FijG30m42YZ
#RichmondFedInternspic.twitter.com/ncTroKytiS
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Tom Barkin takes questions at today’s West Virginia Economic Outlook Conference. Read his remarks here: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2018/barkin_speech_20181003 …pic.twitter.com/hvLUnONTcj
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Barkin: The yield curve is one indicator of the market’s economic outlook. The 2-year/10-year spread has compressed, but research suggests nearer-term spreads have a better forecasting record. These spreads don’t show an elevated risk of recession at present.
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Barkin: Prices for durable consumer goods are a key indicator of core inflation. As consumer goods companies’ margins continue to be squeezed, they may have no choice but to try to raise prices. If these efforts are successful, inflation might well pick up pace.
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Barkin: Compensation growth for job stayers is a number I’m watching closely. Wage growth has been sluggish despite a tight labor market. We typically see faster wage increases when companies compete for each other’s employees and have to pay current employees more to keep them.
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Barkin: "Five Numbers to Watch" 2. Productivity growth also has been surprisingly slow, although it was strong in the second quarter of 2018. If that starts a sustained upturn, it could drive long-term healthy growth. If it’s a one-quarter blip, it could limit potential growth.
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Barkin: "Five Numbers to Watch" 1. Business investment is a strong indicator of confidence. It’s lagged the past 10 years but picked up recently. We need that confidence to continue for the economy to keep growing at its current rate.
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Barkin: The economy looks strong at present: GDP growth is solid, the unemployment rate is low and inflation is firming toward the Fed’s 2 percent target. I am watching five metrics in particular to assess the economy’s potential.
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Read Tom Barkin's speech to the West Virginia Economic Outlook Conference, "The Outlook for Tomorrow: Five Numbers to Watch" http://ow.ly/boE430m4YAi
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Our summer interns contribute to Bank operations, network with executives and volunteer in our community. Learn how you can invest in yourself and in your career next summer! http://ow.ly/2gnW30m3YJC
#RichmondFedInternspic.twitter.com/CI4kukkBtn
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Today's "Crossing the Geographic Divide" speech given by Tom Barkin
@RichmondFed at the Reinventing Our Communities conference is available. http://ow.ly/aPaB30m4gKa#Reinventing18Thanks. Twitter will use this to make your timeline better. UndoUndo -
Tom Barkin
@RichmondFed: “Better employment outcomes for many groups will ensure our country’s future#growth and address poverty and its associated ills.”#Reinventing18pic.twitter.com/mgzDOaFJGv
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