Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Fed's Harker now sees just up to 2 rate hikes this year www.reuters.com
The Federal Reserve could hike interest rates up to two times before year end, a top U.S. central banker said on Wednesday, slightly downgrading his expectations for monetary tightening even though he said the economy is on "fairly firm footing."
Philadelphia Fed President Patrick Harker, when he last spoke publicly in late May, predicted two to three rate increases this year. Since then U.S. jobs growth plunged one month and then shot back up the next, while Britons voted to leave the European Union.
Harker, who has been at the Fed for a year, downplayed any effects of the so-called Brexit referendum. He said first-quarter U.S. economic weakness was largely due to seasonal adjustments, and predicted both that inflation would hit a 2 percent target in 2017 and that the Fed would raise rates toward 3 percent by the end of 2018."Considering the economic projections, I anticipate that it may be appropriate for up to two additional rate hikes this year," said Harker, who does not vote on policy this year.
"Brexit is low on my list of risks, and I do not anticipate more than a transitory couple of 10ths of a percentage point slowdown in growth," he added in prepared remarks.
The Fed raised interest rates from near zero in December, its first policy tightening in nearly a decade. But it has kept its key rate steady at 0.25-0.5 percent since then as global markets and economic data have proven volatile.(Reporting by Jonathan Spicer; Editing by Leslie Adler)
Published Date:2016-07-14
