Fed’s Harker: Sees one rate hike in both 2019 & 2020

 Fed’s Harker has been crossing the wires saying that inflation is seen averaging slightly above 2% in 2019, 2020 and is seeing one rate hike in both 2019 & 2020.

• Forecasts ‘fundamentally sound’ growth a bit above 2% in 2019, around 2% in 2020.
• Monitoring risks, including growth abroad & trade.
• Inversion of yield curve is ‘not an absolute predictor’ of economic downturns.
• Large b/sheet may be affecting l-term yields.