Calculator with pen on paper
Markets

Fed's Lockhart: Gradual to me means every other meeting

Lockhart hints at a quick pace of hikes that the market

The market is looking for about 3 rate hikes in the year ahead while the Fed dots indicate four hikes. The FOMC has four meetings next year and if they were raise rates every second one that would mean March, June, Sept and Dec hikes.

Other comments from Lockhart in an interview with an Atlanta radio station:

  • Dec rate hike is nothing to be alarmed about
  • Fed will be gradual but data-dependent
  • Inflation is running very low right now
  • Economy growing at moderate pace, a bit above 2% y/y
  • Oil prices and dollar influence on inflation should pass
  • Fed hike could very well influence USD value
  • US is closer to full employment but not there yet
  • China's growth stabilized in 6-6.5% range
  • Momentum in US economy is solid

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos