The Traderszone Network

Published in TZ Latest News 1 April, 2015 by The TZ Newswire Staff

Fed’s Lockhart sticks with June to September liftoff, despite growth downgrade

Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday that the United States remains on track for a likely interest rate hike in the June to September period, with a weak first quarter likely to give way to stronger growth. I still believe the factors are transitory,” Lockhart told reporters at a monetary policy conference here. Fed policymakers and many analysts cut their U.S. growth projections after a first-quarter slowdown that stemmed in part from the hit U.S. energy companies are taking from low oil prices, and the hit exporters are taking from a strong dollar.

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