Sep 03 2016

Rate Range Projection by Bank

Next week 102.50 –104.50

Next 3 months 98 - 105.00

Lacker who is not a voting member of the US central banks rate setting committee this year, said he still favors raising rates sooner than later and that the Feds last policy meeting in July would have been a good time to tighten policy

Speaking to a group of economists in Richmond, Lacker argued that a range of economic analysis suggests the Feds benchmark overnight interest rate the federal funds rate is currently too low

He made his comments after the U.S. government reported a hiring slowdown in August that could effectively rule out a rate increase later this month

While Lacker is not due to have a vote on policy until 2018, he does participate in discussions on interest rates. The Fed has appeared sharply divided between policymakers who favor rate increases soon and those who urge more caution.