There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.
“I think October is a live meeting, clearly there is the potential that the data coming in, in advance of the October meeting will be sufficient … we have a lot more in December,” he said following a speech to a university association in Orlando, Florida.
Lockhart, a centrist on monetary policy, is a voting member of the U.S. central bank’s rate-setting committee this year. He did not rule out supporting a hike at the October meeting.
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