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

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

December’s lift-off remains a (small) chance – Rabobank

In the light of the recent FOMC minutes and US data, Senior US Strategist at Rabobank Philip Marey has not ruled out a rate hike in December...
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US Dollar off lows on Lockart, near 95.00

The US Dollar Index, which tracks the greenback vs. a basket of its main rivals, has left the area of daily troughs and is now looking to regain the 95.00 handle...
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