Patrick Harker News
09.08 / 08:23
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Dollar edges lower as risk sentiment improves
Investing.com — The U.S. dollar edged lower in early European trade Wednesday, as improved risk sentiment weighed on the safe haven despite fresh signs of Chinese economic weakness.
08.08 / 14:11
08.08 / 12:53
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Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its current rate-hiking cycle.
07.08 / 12:59
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Dow futures rise; focus on earnings and inflation data
Investing.com — U.S. stock futures edged higher Monday, starting the new week on a positive note as investors await more corporate earnings and key inflation data.
06.08 / 14:25
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Top 5 things to watch in markets in the week ahead
Investing.com — All eyes will be on the U.S. in the coming week as inflation data is released. GDP data out of the U.K. will show how the economy is holding up in the face of continued rate hikes. Data out of China could point to deflation risks in the world’s number two economy. Here’s what you need to know to start your week.
26.07 / 23:02
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US Fed raises rates by 25 bps to highest level since 2001
US Federal Reserve raised its lending rate on Wednesday by 25 bps to 5.25-5.5% on the expected lines. This brings US benchmark interest rates to the highest level since 2001 to tackle sticky, high inflation. The Fed chair Jerome Powell also hinted at a possibility of further increases, going ahead.
20.10 / 20:01
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Fed's Harker sees 'lack of progress' on inflation, expects aggressive rate hikes ahead
Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed.
19.05 / 10:39
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Fed’s Patrick Harker Supports Half-Point Rate Rises in June and July
Federal Reserve Bank of Philadelphia leader Patrick Harker said he supports the central bank doing more big rate increases at its coming meetings as it seeks to lower inflation.
29.03 / 22:45
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Fed's Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.
18.01 / 19:52
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Fed's Harker calls for 'action on inflation,' sees 3 or 4 rate hikes likely this year
Philadelphia Fed President Patrick Harker said Thursday he foresees three or four interest rate hikes this year as likely to fight inflation.
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