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Fed's Harker: Expects the FOMC can slow the pace of hikes in the coming months
- At some point next year, Fed to hold at restrictive stance to assess economy
- Rate hikes smaller than 75 bps are still significant
- Inflation 'remains far too high'
- Future hikes will be driven by the data
- Expects unemployment to rise to 4.5% next year
- Expects core PCE to moderate to 4.8% this year
- Sees core inflation at 3.5% in 2023 and 2.5% in 2024
- Projects flat GDP this year and 1.5% GDP rise in 2023
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Posted: Nov 10 2022, 14:04
Author Name: forexlive
Views: 112578
