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Harker: Fed is likely to be done with rate hikes
Harker recently shifted to a calling for the Fed to hold so this isn't new, though he wasn't this explicit previously.Supports higher-for-longer interest rate stanceCan't say for low long rates will need to remain highSees steadily disinflation, falling below 3% this yearGrowth to moderate next year but he doesn't see a recessionDoes not expect to see mass layoffsAuto strikes and renewed student loan payments will weigh on economyExpects unemployment rate to rise to about 4%He paints a picture o...
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Posted: Oct 13 2023, 13:00
Author Name: forexlive
Views: 092024
