- Analytics
- News and Tools
- Market News
- Fed's Harker: Committed to raising interest rates “methodically” back to neutral, which is around 2.5%
Fed's Harker: Committed to raising interest rates “methodically” back to neutral, which is around 2.5%
Philadelphia Fed President and FOMC member Patrick Harker on Wednesday said that he is committed to methodically raising interest rates back to neutral, which he sees at around 2.5%, reported Reuters. Reducing the balance sheet will also remove financial accommodation, he added, noting that we want to slow the economy in a way that is not so aggressive that we risk tilting it back into a recession.
Regarding inflation, Barkin said he is focused on its breadth across numbers of goods as an indicator as to whether conditions are improving. He is also focusing on demand and whether it will show signs of weakening as the Fed raises rates, he added, noting that retailers are saying there doesn't seem to be much "trade down" among consumer to cheaper goods, despite price increases.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
