Fed's Harker: I was not supportive of the December rate hike
Philly Fed president, Patrick Harker, speaks in Frankfurt
- Says that his dot plots projection didn't come down that much
- Says that he forecast growth rate a little lower
Well, on the bright side the December rate hike can be seen as a buffer for when the economy starts to take a turn for the worse. And talks of the yield curve inversion and possible recession certainly will keep the Fed on their toes over the next year or so.