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Fed’s Lockhart Still Sees Rate Rise in Coming Months, Data Permitting
Federal Reserve Bank of Atlanta President Dennis Lockhart said Wednesday he remains hopeful the U.S. central bank can raise rates at some point in the next few months, but he needs to be sure that weakness at the start of the year proves temporary. When it comes to lifting rates off of near zero levels, “all meetings are in play…including June,” Mr. Lockhart told reporters after a speech in Baton Rouge, La. “I’m still of the view that the conditions will be appropriate in the middle of the year, which we are getting closer to,” he said, in his first public comments since last week’s monetary-policy ... (full story)