Former Fed Pres Lockhart: The Fed is likely to pause tomorrow

Former Atlanta Fed Pres. Dennis Lockhart is on CNBC and says:

• Fed likely to pause
• Fed will likely be more neutral
• Longer rates are taking on the expectations of a soft land and benign view of the future
• I expect the Fed to stay higher for longer, but expect a transition by the end of the year
• On core inflation, the narrative is playing out, but not on a path to 2% objective. Will keep the Fed cautious.

This article was written by Greg Michalowski at www.forexlive.com.

https://ift.tt/8Mpmb3W