Federal Reserve May Raise Rates Two More Times This Year

The economy is close to achieving full employment, which may trigger a few interest rate hikes.

BloombergMarkets reports that Federal Reserve Bank of Atlanta President Dennis Lockhart said that the Fed has room for two more rate increases this year.

The Fed raised the target for the benchmark rate by a quarter point to 0.75 percent to 1 percent earlier this month.

“The committee is pretty solidly optimistic about the outlook for at least the medium term, and that would be the continuation of a moderate pace of growth,” Lockhart said. “It’s appropriate to begin to remove a little bit of the ultra-accommodation.”

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