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post: FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP. post: FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE. post: FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION. post: FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE". post: FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.
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Gold's record move above US$2,400 per ounce has sparked much discussion about price drivers. Speaking to the Investing News Network, Ross Norman of MetalsDaily.com explained China's key role in the metal's increase. To start, he noted that the buying that took gold to the US$2,050 or US$2,100 level was largely high-quality purchases from central banks, ...