The President of the Federal Reserve Bank of Philadelphia, Patrick Harkersaid Thursday that the time has come for future Fed rate hikes to move to 25 basis point increasesas reported by Reuters.
Featured Comments
“The Fed is likely to raise rates a few more times in 2023.”
“We don’t see a recession, but GDP should slow to 1% this year.”
“The The time for large-scale rate hikes has passed.“.
“Once the hikes are over, the Fed will have to hold steady for a while.”
“Is core inflation likely to moderate to 3.5% in 2023 and reach the Fed’s 2% target by 2025.”
“The worst of the inflation spike is probably over.”
“The job market remains in excellent shape.”
“Unemployment will fall back to 4% after rising this year.”
“Unemployment is likely to rise to 4.5% this year, up from 3.5% today.
“There are concerns about the commercial real estate sector.”
Market reaction
The Dollar Index is down 0.6% on the day at the time of writing, standing at 102.66 points.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
