Feds Harker is expected to speak at 10:30 AM ET.
<p>Fed's Harker is scheduled to speak at 10:30 AM ET on the economic outlook. He will kick off a host of opportunities to hear different fed speakers between now and the end of the week. Below is the schedule:</p><p>The calendar leads into the blackout period ahead of the November 1 Fed decision.</p><p>Last week, Harker spoke. The major comments:</p><ul><li>Fed is likely to be done with rate hikes</li><li>Supports a higher-for-longer interest rate stance.</li><li>Uncertain about how long rates will need to stay high.</li><li>Expects disinflation to continue, possibly falling below 3% this year.</li><li>Foresees moderate economic growth next year but does not predict a recession.</li><li>Does not anticipate mass layoffs.</li><li>Believes auto strikes and renewed student loan payments will negatively impact the economy.</li><li>Expects the unemployment rate to increase to around 4%.</li></ul><p>Harker is a voting member in 2023</p>
This article was written by Greg Michalowski at www.forexlive.com.
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