Yet another round of comments from Harker:

  • He's afraid of Fed getting behind the curve
  • May be prudent to wait to allow election uncertainty to fade before hiking
  • Worries about non-financial borrowing levels
  • Continued gradual path of Fed normalization appropriate

"Continued?" One rate hike in 7 years is hardly a path.

The interesting point here is on the election. To me that confirms that November is a 0% probability of a hike.