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Fed officials say labour market criteria for liftoff has been met

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Federal Reserve officials – Lacker and Lockhart – were on the wires ahead of the FOMC minutes stating the improvement in the labour market has been significant and the criteria for the liftoff has been met.

    Meanwhile, Fed's Mester said the US economy could handle a 25bps rate hike

    Key Quotes from Lacker

    The case for a Fed rate hike is strong, and the chance that Fed gets behind the curve is rising

    The longer we wait the more aggressively we'll have to move

    Expects inflation to stabilise around 2% going forward, says consumer spending is strong and sees no obvious bubbles

    Key Quotes from Lockhart

    Was ready to support hike in september

    No predetermined rate path

    Have met liftoff criteria of job mkt

    Inflation expected to rise as oil, dollar stabilise
    US economy is on a ‘reasonably solid path’
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