Fed’s Harker: Sees one rate hike in both 2019 & 2020


 Fed’s Harker has been crossing the wires saying that inflation is seen averaging slightly above 2% in 2019, 2020 and is seeing one rate hike in both 2019 & 2020.

  • Forecasts ‘fundamentally sound’ growth a bit above 2% in 2019, around 2% in 2020.
  • Monitoring risks, including growth abroad & trade.
  • Inversion of yield curve is ‘not an absolute predictor’ of economic downturns.
  • Large b/sheet may be affecting l-term yields.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Double bottom breakout fails ahead of the Fed

The bullish case for EUR/USD has weakened ahead of the FOMC (Federal Open Market Committee) rate decision due this Wednesday. The currency pair closed well below 1.1263 on Friday, invalidating the double bottom breakout confirmed on June 6.

EUR/USD News

GBP/USD consolidates the downside near 1.2600, UK politics in spotlight

Although looming Brexit uncertainty dents investment by firms, the GBP/USD pair manages to take advantage of the recent US Dollar (USD) pullback heading into the London open on Monday.

GBP/USD News

USD/JPY wavers in range near 108.60 amid risk-on

USD/JPY failed to sustain at higher levels once again and returned to the familiar range around 108.60 amid mixed Asian stocks while higher US equity futures and Treasury yields help keep the minor bids intact ahead of Fed.  

USD/JPY News

Gold: 100-month MA is a level to beat for the bulls

Gold (XAU/USD) is struggling to cut through key technical line which proved a tough nut to crack in 2018. The yellow metal rose to $1,358 on Friday, but the break above the 100-month MA.

Gold News

Trade War With India Starts: How Trump is Winning the Global War in 10 Tweets

After a year of talks on U.S. barriers to Indian steel and aluminum, India retaliates against Trump. The Hindu reports India to Impose Retaliatory Tariffs on 29 U.S. Goods Starting June 16. 

Read more

Majors

Cryptocurrencies

Signatures