{"id":173939,"date":"2023-10-14T04:23:48","date_gmt":"2023-10-13T22:53:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173939"},"modified":"2023-10-14T04:23:48","modified_gmt":"2023-10-13T22:53:48","slug":"we-are-at-the-point-where-we-can-hold-rates-where-they-are-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/we-are-at-the-point-where-we-can-hold-rates-where-they-are-crypto-news\/","title":{"rendered":"We are at the point where we can hold rates where they are – Crypto News"},"content":{"rendered":"

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\u201cAbsent a stark turn in what I see in the data and hear from contacts, I believe that we are at the point where we can hold rates where they are,”\u00a0Federal Reserve Bank of Philadelphia President Patrick Harker said on Friday, per Reuters.<\/p>\n

Key quotes<\/h2>\n

“Supporting\u00a0higher for longer interest rate stance.”<\/p>\n

“Can\u2019t say for how long rates will need to remain high.”<\/p>\n

“Seeing steadily disinflation, falling to below 3% this year.”<\/p>\n

“Growth to moderate next year but not expecting a recession.”<\/p>\n

“Tighter credit conditions akin to rate hikes in impact.”<\/p>\n

“It will take time for Fed<\/a> rate hikes to be fully felt.”<\/p>\n

“Labor markets coming into better balance, not expecting mass layoffs.”<\/p>\n

“Auto strikes, renewed student loans will weigh on economy.”<\/p>\n

“Expecting unemployment rate to rise to about 4%.”<\/p>\n

Market reaction<\/h3>\n

The US Dollar Index showed no reaction to these comments and was last flat on the day at 106.55.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: \u201cAbsent a stark turn in what I see in the data and hear from contacts, I believe that we are at the point where we can hold rates where they are,”\u00a0Federal Reserve Bank of Philadelphia President Patrick Harker said on Friday, per Reuters. Key quotes “Supporting\u00a0higher for longer interest rate stance.” “Can\u2019t say for […]<\/p>\n","protected":false},"author":2,"featured_media":35760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,366,255,250,252,247,253,249,256,254],"class_list":["post-173939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173939"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173939\/revisions"}],"predecessor-version":[{"id":173940,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173939\/revisions\/173940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/35760"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}