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Lockhart said September could be appropriate for liftoff

Tuesday, Aug 04 2015

Dennis Lockhart, the president of the Atlanta Fed, on Tuesday said he supports a rate hike at the U.S. central bank's next policy meeting in September. In an interview with the Wall Street Journal, Lockhart said it would take major weakness in the data to convince him not to move. "I think there is a high bar right now to not acting, speaking for myself," Lockhart said.

The Atlanta Fed president is a voting member on rate policy this year. He is seen by Fed watchers as a key bellwether of the thinking of the majority on the U.S. central bank due to his pragmatic approach to economic issues. Lockhart is the second Fed official in as many days to come out in favor of a rate hike in September. St. Louis Fed President James Bullard said in a WSJ interview released on Monday that he was in favor of a move after the Sept. 16-17 meeting.

 

This started USD rally with euro falling below 1.09 handle, Aussie currently being traded around 0.7380 area and Sterling few points above 1.5560 level.

More in this category: « UK Construction PMI fell to 57.1 China Services PMI at a tenth-month high »

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