While you were sleeping: Data, Fed officials signal hike

Tue, 17 May 2016

By Margreet Dietz May 18 (BusinessDesk) - Equities fell as the latest reports on US consumer prices, housing starts and industrial production fuelled bets that the Federal Reserve might raise interest rates sooner than expected, after all, as the US economy is gathering steam. Two Fed officials, Bank of Atlanta President Dennis Lockhart and San Francisco boss John Williams, flagged that the Fed might hike rates at least twice this year. “Currently my assumption is two, possibly three,” Federal Reserve Bank of Atlanta President Dennis L...

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