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FED: Harker Comments Infitting With Market Expectations for Powell

FED
  • Harker comments to various wires (MNI first, Reuters followed) provide few new details or market-moving intel - recall Harker is set to retire next year, before his seat rotates to voter status from 2026.
  • Hasn't made public comments on policy since June, however his comments are infitting with base expectations for Powell at this week's JH conference - I.e. No commitment to 25bps or 50bps rate cut, with more data required to make a judgement call. Harker also flags jobs market softening on a "high level", with latest report coming in a "bit" lower-than-expected.

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