Rate hike in Oct or Dec appropriate – Fed’s Lockhart

By FXStreet FXStreet (Mumbai) – The Fed member Lockart tried talking up rate hike expectations on Friday by stating that an interest rate hike in October or December is likely and appropriate.

Key quotes

Sees rates liftoff relatively soon, inflation to rebound in the medium term as transitory factors fade

Recent economic data mixed, ‘a touch more downside risk’ in recent weeks

Liftoff depends on incoming data, especially consumer activity
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Source:: FX Street