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
(Market News Provided by FXstreet)