Fed's Barkin: Tariff price hikes could start in June

Federal Reserve (Fed) Bank of Richmond President Tom Barkin pummeled market hopes for rate cuts on Wednesday, noting that the Fed is broadly anticipating negative effects from both ends of the US's self-styled trade war.

Key highlights

Tariff price hikes could begin by June.

Businesses struggling with confidence.

Price surges requires the Fed to be cautious.

Tariffs are to hit both inflation and employment.