24 Aug 2015
Lockhart comments and EUR/USD rallies 20 pips to test 1.1600
FXStreet (Guatemala) - Lockhart is speaking in Berkeley, California, with focuses on public pension funding reform.
Markets are listening in to Lockhart's take on current turmoil for indications that the Fed may need to hold off form hiking rates in September. He has not committed to September and EUR/USD is testing the upside by 20 pips to 1.1600 the high on the five minute sticks.
However, he expects Fed to begin raising rates "sometime this year". He say's that US "wage growth is way below pre-rescission" rates.
"Yuan, US dollar and oil prices complicate global outlook."
Markets are listening in to Lockhart's take on current turmoil for indications that the Fed may need to hold off form hiking rates in September. He has not committed to September and EUR/USD is testing the upside by 20 pips to 1.1600 the high on the five minute sticks.
However, he expects Fed to begin raising rates "sometime this year". He say's that US "wage growth is way below pre-rescission" rates.
"Yuan, US dollar and oil prices complicate global outlook."