menu search

Fed's Harker: January jobs report didn't change the outlook for monetary policy

Fed's Harker: January jobs report didn't change the outlook for monetary policy
  • Fed not likely to cut this year but may be able to in 2024 if inflation starts ebbing
  • 25 bps hikes allow the Fed to manage risk
  • Fed needs to hike to at least 5% and stay there for some time
  • It will take a couple years to get inflation back to 2%
  • Expects US jobless rate to peak at 4.5% before ebbing
  • Expected rise in unemployment would not be recessionary

This is dovish stuff from Harker but a few more strong data points could change his... Read More

Posted: Feb 10 2023, 20:21
Author Name: forexlive
Views: 111523

Search within

Pages Search Results: