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Lockhart Sees Fed Rate Hikes in December and First Quarter
Original: Lockhart Sees Fed Rate Hikes in December and 1Q, Risk Rising Oil Prices Lead to More
Former Federal Reserve official Dennis Lockhart said he expects the US central bank to raise interest rates in December and again in the first quarter, warning that rising oil prices carry the risk of prompting further hikes beyond that. His view points to a firmer rate path than markets may be pricing in, tying energy costs to the inflation outlook and the pace of monetary tightening.
Why now: Fed officials' rate path guidance moves markets, and rising oil prices raise fresh inflation concerns.
Dennis LockhartFederal Reserve
Evidence
- Lockhart Sees Fed Rate Hikes in December and 1Q, Risk Rising Oil Prices Lead to More · Kathleen Hays Presents: Central Bank Central
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