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Trading news
4 Nov 2016
Fed's Lockhart: Turmoil around U.S. elections could change outlook
Atlanta Fed's President Dennis Lockhart was on the wires, saying that there is a high bar for the Fed to not move in December. Also, he stated that a turmoil around elections could change outlook.
Key headlines (via Reuters):
- There is a high bar for the Fed to not move in December
- If U.S. enters protectionist period it would add to inflationary pressure
- Open to running economy hot to repair labor market if it is a "mild form" and does not risk undesired inflation
- Says turmoil around election could change outlook