Fed's Harker sees scope for one more rate hike this year, says the forecast is inflation dependent

Omkar Godbole FXStreet Contributor

In an interview with the Wall Street Journal, Philadelphia Fed President Harker said another rate hike is appropriate this year, but cuationed that his forecast could change if inflation shows no signs of life.

Key quotes

We just have to be more prudent and take out time
Has pencilled in three rate increases in 2018
There's no sense that inflation is running out of control right now so we can see how this plays out over the next couple of months or quarters

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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