Fed’s Harker: Weakness in inflation seen as temporary

Eren Sengezer FXStreet

Speaking on the economic outlook and international trade in London, Philadelphia Fed President Patrick Harker argued that the recent weakness seen in the inflation was temporary.

Key quotes (via Reuters):

2.3% GDP growth seen in 2017, inflation to hit 2% target in early 2018
One more rate hike in 2017 is appropriate
Fed is on the right path, ‘very little slack’ in labour market

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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