# Fed’s Barkin backs gradual rate hikes as inflation stays too high

> Richmond Fed President Thomas Barkin said inflation remains too high and is not yet showing signs of cooling. He said gradual rate increases make sense, while noting that demand remains solid and businesses face broad cost pressures.

- Date: 2026-11-05 · published 2026-11-06T00:08:29.749Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/82708-fed-s-barkin-backs-gradual-rate-hikes-as-inflation-stays-too-high
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A gradual tightening path could support the US dollar and weigh on demand-sensitive commodities, including feed grains and meals, through tighter financial conditions. The comments do not announce a new policy decision, so the direct price effect is limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-19 | [Gold under pressure as Fed's Yellen backs gradual rate hikes \| Reuters](https://feedsoft.ai/events/72903-gold-under-pressure-as-fed-s-yellen-backs-gradual-rate-hikes-reuters.md) | -0.4% | -1.5% |
| DXY | 2022-06-10 | [Rand slumps almost 3% as hot US inflation data backs case for Fed rate hikes \| News24](https://feedsoft.ai/events/41269-rand-slumps-almost-3-as-hot-us-inflation-data-backs-case-for-fed-rate-hikes.md) | +1.5% | +3.7% |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2022-01-27 | [Fed likely to hike rates in March as Powell vows sustained inflation fight \| Reuters](https://feedsoft.ai/events/12223-fed-likely-to-hike-rates-in-march-as-powell-vows-sustained-inflation-fight.md) | +0.1% | +0.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/feds-barkin-backs-gradual-rate-hikes-as-inflation-stays-too-high-202611051548

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.