Fed's Harker: Expects one U.S. rate hike in 2019, one in 2020

Federal Reserve Bank of Philadelphia President Patrick Harker, who is a non-voter,  recently crossed the wires saying that he was expecting one rate hike in both 2019 and 2020. 

Key quotes (via Reuters)

  • Has patient, 'wait-and-see' policy stance.
  • 'Very slight' downside risks to U.S. economic outlook.
  • U.S. economy in good shape, data to influence policy views.
  • Expects GDP a bit above 2 pct in 2019; inflation a bit above 2 pct this year and next.

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