MACRO
Harker Says Fed May Now Be at Point Where It Can Hold Steady
Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank may be able to cease interest-rate increases, barring any surprises in the economy, though rates would need to stay at their current elevated levels for some time.
“Absent any alarming new data between now and mid-September, I believe we may be at the point whe...

MACRO
Fed Officials Tout Job-Market Slowdown, Seek to Pivot From Hikes
Two Federal Reserve officials said slower US employment gains suggest the labor market is coming into better balance, arguing the central bank may soon need to pivot to thinking about how long to hold interest rates at elevated levels.
"I expected the economy to slow down in a fairly orderly way, and this number — 187,000 — comes in continuing...