Fed's Harker: Still pencils in a rate hike in December, three rate hikes for next year

Eren Sengezer FXStreet

Philadelphia Fed President Patrick Harker recently crossed the news wires saying that hitting the pause on the Fed's rate hikes would be appropriate.

Key quotes (via Reuters):

The labor markets felt really tight.
Horrific devastation from hurricanes will have transitory effect on the economy
Low growth in wages may be due to shift in who is employed, starting to see some upward wage pressure
For average American low inflation is not a problem, but there are risks for monetary policy
Still pencils in a rate hike in December, three rate hikes for next year

Author

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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