Fed's Harker: 50 bps hike in September would still be a substantial move – by eren_fxstreet Fed CentralBanks
President Patrick Harker noted on Thursday that he wants to see the next inflation reading before deciding on the September rate decision but added that a 50 basis points rate hike would still be a substantial move, per Reuters."I'd like to see us get to above 3.4% and then perhaps sit for a while.""We need to get inflation under control no matter what.""Supply chain constraints are starting to heal.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; Jackson Hole PreviewFed policymakers have been pushing back against the notion that the rate hike cycle is finished. If Fed Chair Powell takes a similar path during his speech on Friday at the Jackson Hole Economic Policy Symposium, it might help curb the Fed pivot narrative.
Read more »
Stock futures stuck near two-week lows as Fed fears reverberateSince hitting a 4-month high on August 16th, the S&P 500 retreated 4.1% as investors fear optimism that the Fed would slow its pace of rate hikes was misplaced.
Read more »
European Markets Slightly Lower as Global Investors Wait for FedEuropean markets were fractionally lower on Wednesday as new hawkish comments from a U.S. Federal Reserve policymaker kept investors hesitant.
Read more »
European markets set to fall as hawkish Fed remarks dent global stocksEuropean markets are set to retreat Wednesday as new hawkish comments from a U.S. Federal Reserve policymaker keeps investors hesitant.
Read more »
EUR/USD Latest: Russian Gas Shock and a Hawkish Fed Weigh on the EuroThe euro has suffered one of its worst years in recent decades (so far), trading down more than 12% since the start of the year which has seen the EUR/USD not only reach parity but trade below it too. Get your market update from RichardSnowFX here:
Read more »
Forex Today: USD Recovered as Fed Hints at Tight PolicyForex Today: US Dollar Recovered as Fed Hints at Tighter Policy Federalreserve Policy USD
Read more »