Fed’s Harker: Fed is on pace for December rate hike

Philadelphia Fed President Patrick Harker said on Wednesday, the FOMC remains on track to hike rates in December, Reuters reports.

Key Headlines:

US Fed is on pace for December rate hike.

2018 hinges on inflation.

Has not seen anything that would push him off Dec rate hike yet.

No signs inflation about to run out of control.

Backs slow steady hikes to avoid inverted yield curve.

Phillips Curve has not worked predictively for decades.