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Lockhart (Fed)

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Some comments from FOMC member Lockhart made during his speech on US economy in Florida are seen below:

  • Gross domestic income signals “solid” economic growth
  • Moderate pace of growth should be sustainable
  • Low inflation is transitory
  • US economy closing in on full employment
  • Dec FOMC may be “historic” meeting
  • Liftoff “compelling” unless data shift drastically
  • Economy no longer needs emergency treatment

Overall fairly hawkish rhetoric coming from the Atlanta Fed President.

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