Philadelphia Fed president, Patrick Harker, during a scheduled speech in Frankfurt this Tuesday, said that I was not supportive of the December rate hike.
Key quotes:
“¢ My dot plots projection didn’t come down that much.
“¢ But had ticked down growth rate forecast a little bit.
“¢ There was a general consensus to shorten the maturity of the balance sheet.
“¢ So there would be room for a future twist if need.
“¢ My forecast shows inflation coming up to 2.1-2.2% in 2019.
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