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Fed's Harker: Get rates above 5% and then pause
- Fed is increasing its odds for getting to a soft landing
- Get the Fed funds rate to 5% and then pause
- His base case scenario is that there is not a recession
- Unsure about how far funds rate have to go above 5%
- Fed does not need 50 basis point hikes right now
The Fed comments are not panicking after the stronger-than-expected jobs report. The game plan to get rates to 5% – 5.25% seems to be the central tendency.
The US CPI data will be r... Read More
Posted: Feb 10 2023, 17:46
Author Name: forexlive
Views: 112570