Fed’s Lockhart says market is well prepared for liftoff

FXStreet (Mumbai) - Fed’s Lockhart, while speaking to CNBC, said the financial markets are well prepared for the interest rate liftoff.

Lockhart refrained from stating the liftoff’s exact time, but markets believe a 25bps or less than 25 bps move may happen at the Dec 16th meeting. “Watch the dots for where the Fed Funds Rate might go”, Lockhart added.