Mubasher: Atlanta Federal Reserve Bank president Dennis Lockhart hinted on Tuesday that interest rates would rise in the bank's coming September meeting.
“I think at least one increase of the policy rate could be appropriate later this year,” Lockhart said.
“Recent price data hint at the firming of underlying price pressures,” he said. “I’m reasonably comfortable with a forecast of reaching 2 percent by year-end 2017.”
The Federal Reserve, the US central bank, had kept the interest rates unchanged at 0.5%.
