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23 Jun 2015
Fed’s Powell says liftoff could come as soon as September
FXStreet (Córdoba) - Fed's Jerome Powell (voter, neutral) said that the conditions for rate liftoff could come as soon as September.
Powell stated that the US economy is experiencing a minor slowdown this year due to a stronger dollar but transient effects restraining inflation beginning to fade, while there are positive signs in labor markets.
He added that Fed forecast is for two hikes this year, September and December. He said that a percentage point this year is a possible rate path if economy grows as anticipated.
Powell stated that the US economy is experiencing a minor slowdown this year due to a stronger dollar but transient effects restraining inflation beginning to fade, while there are positive signs in labor markets.
He added that Fed forecast is for two hikes this year, September and December. He said that a percentage point this year is a possible rate path if economy grows as anticipated.