William Dudley, president of the Fed's New York regional bank, and Dennis Lockhart, president of the Atlanta Fed, said that despite pressures from abroad, they thought the economy would keep performing at a solid enough pace to justify a rate hike at one of the Fed's final two meetings of the year. Evans is among the Fed's "doves" — officials who worry more about threats from economic weakness than do "hawks," who focus more on the risk that inflation could run too high. The mixed messages delivered Friday won't resolve the uncertainty that has seized investors over whether the Fed will start raising rates from record lows by year's end. The trouble, he said, is that this strength is being offset somewhat by global weakness, including a slowdown in China, and a stronger U.S.
2 Fed Officials Think Data Will Justify Rate Hike This Year
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Fri, 10/09/2015 - 2:05pm
BING NEWS:
- Wall St ends sharply higher, US jobs data strengthens case for rate cuts
Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic ...
05/3/2024 - 9:00 am | View Link - Options traders ‘did not take Powell completely at his word’ on unlikely chance of a rate hike
Options traders continue to price in the decent possibility of another Fed rate hike, despite Jerome Powell calling such a move ‘unlikely.’ ...
05/2/2024 - 9:10 am | View Link - Inflation-wary US rate options market cautiously prices for 2024 Fed hike
Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S.
04/29/2024 - 12:31 pm | View Link - Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of ...
04/19/2024 - 9:00 am | View Link - Fed officials cast more doubt on the timing of rate cuts this year
Federal Reserve officials heaped more doubt on the timing of rate cuts this year ... It's also possible the Fed will hike rates again, he added, if strong economic data shows that it's necessary.
04/18/2024 - 11:49 am | View Link - More
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