Comments from Fed’s Harker:
– Strong consumer spending should lead to 2% GDP growth this year
– Labor market is ‘more or less’ at full capacity
– Starting to see inflation expectations near 2%
If you’re a dollar bull, that isn’t really the set of headlines you’re looking for. At some point, a few Fed hawks will need to start pushing for sooner action if a March hike is going to happen. The meeting is now three weeks away and the Fed’s blackout period starts March 7.
