Atlanta Fed President Says Central Bank Won’t Have Enough Data by March to Hike

There may not be enough fresh data on inflation to support another U.S. interest rate hike by March, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday in comments that helped give shape to the Fed’s possible rate path.

“How much will we know about inflation trends or inflation developments going into the mid-March meeting? We will have some data but not a great deal more,” Lockhart said after a speech in Atlanta.

The Fed raised rates for the first time in a decade at its December policy meeting, refocusing debate on when it will take a second step in what it has described as a “gradual” tightening of policy.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza