Philly Fed head Harker out with comments reported by Livesquawk a short while ago. 8 Nov
- 2018 hinges on inflation
- has not seen anything that would push him off Dec rate hike yet
- no signs inflation about to run out of control
- backs slow steady hikes to avoid inverted yield curve
- Phillips Curve has not worked predatively in decades
Not new news or indeed new at all from bull Harker.
Eamonn had these comments from him a couple of weeks ago in which he said he could see 3 hikes next year but still warned on inflation