More comments from Lockhart
Comes with a caveat though;
- Says December will have a lot more data
- Repeats that little over 100k job gains a month is enough to lower unemployment
- Markets seem to be misaligned with Fed on liftoff
- Doesn't think misalignment is too serious
- The focus is on an orderly process on a hike that would not then be reversed in short order
- FOMC's data dependant approach is sound with few alternative
The market isn't playing the FOMC guessing game anymore. These are further hawkish comments but they're being ignored. I personally think most of the market is totally out of kilter with their hike forecasts for the US and the UK
