Fed's Harker: Repeats forecast for at most one hike in 2019 and one in 2020

Author: Greg Michalowski | Category: Central Banks

Not a voting member in 2019

Fed's Harker sees 2% growth and inflation
He adds:
  • At most one hike in 2019 and one in 2020
  • He is keeping an eye on risks, including growth abroad and trade
  • Yield curve inversion is not an absolute predictor of economic downturns
  • Large balance sheet may be affecting long-term yields
  • He repeats April 4 predictions for unemployment rate, inflation
  • Forecast fundamentally sound growth of about 2% in 2019 and around 2% in 2020
On April 4th Harker said he sees U.S. jobless rate likely falling to 3.5 percent this year and inflation would likely be just above the Fed's 2 percent target this year and next (CLICK HERE).

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