• Fed's Harker: Not Convinced a December Rate Rise Is Prudent

Market news

19 November 2018

Fed's Harker: Not Convinced a December Rate Rise Is Prudent

  • Will Watch Data to Determine December Rate View

  • Moderate Inflation Data Gives Fed Ample Space to Raise Rates Slowly

  • Has Favored Three Fed Moves for 2018 for Some Time

  • Fed Has Time to Move Slowly Toward 3% Policy Rate

  • Anecdotal Information Points to Rising Uncertainty About Outlook

  • Sees Just Over 3% GDP Growth This Year Before Moderating in 2019

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