Fed's Harker: ‘Not convinced’ a December rate rise is prudent - WSJ

Eren Sengezer FXStreet

In an interview with The Wall Street Journal, Federal Reserve Bank of Philadelphia President Patrick Harker said that he wasn't in favour of a rate hike in December.

"At this point, I'm not convinced a December rate move is the right move but I need to watch the data over the next few weeks before determining whether it is prudent to boost the cost of borrowing again," Harker explained.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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