Fed's Lockhart says rate hike could be appropriate in October

WASHINGTON (MarketWatch) - A rate hike in October or December is still "likely appropriate" as the economy is on a satisfactory track, said Dennis Lockhart, the president of the Atlanta Fed, on Friday. In a speech in New York, Lockhart said there is "a touch more downside risk" in the current environment than a few weeks ago. But he said he was not going to let one piece of data overly influence his outlook. Many economists think the weak September job report rules out a Fed hike this year. Lockhart is a voting member of the Fed policy committee this year and is often a bellwether on the......(read more)

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