Central Banks

Former Fed Pres Lockhart: The Fed is likely to pause tomorrow

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Former Atlanta Fed Pres. Dennis Lockhart is on CNBC and says:

  • Fed likely to pause
  • Fed will likely be more neutral
  • Longer rates are taking on the expectations of a soft land and benign view of the future
  • I expect the Fed to stay higher for longer, but expect a transition by the end of the year
  • On core inflation, the narrative is playing out, but not on a path to 2% objective. Will keep the Fed cautious.

This article was written by Greg Michalowski at www.forexlive.com. Source