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Fed's Harker: some additional tightening needed, will need to hold rates high for while
Federal Reserve Bank of Philadelphia President Patrick Harker: ‘some additional tightening’ needed to deal with high inflationOnce rate hikes end, the Fed will need to hold steady for a whileExpects to see tighter credit conditions on bank stressUS banks are strong and resilientInflation pressures easing slowlyEconomy has been strong in face of Fed rate hikesExpects GDP this year to come in below 1%Expects inflation to fall to 3%-3.5% this yearHousehold balance sheets are very strongExpects to...
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Posted: Apr 20 2023, 23:49
Author Name: forexlive
Views: 111593