Fed's Harker: U.S. jobs report for May is "a good number"

Felipe Erazo FXStreet

Philadelphia Fed's President Patrick Harker was on the wires, noting that U.S. economy is "essentially at normal now," economic outlook is overall "pretty good".

Key headlines (via Reuters):

Inflation still on track despite recent softness; sees it hitting U.S. Central bank's 2 percent goal around end of 2017
Repeats that he sees two further U.S. Interest rate hikes this year as appropriate
Forecasts U.S. GDP growth of 2.3 pct for 2017, unemployment rate to drop to 4.2 pct by end of 2018
He thinks there is very little slack left in U.S. Labor market
Fed's unwinding of balance sheet will be slow and "essentially on autopilot"

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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