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Lockhart Sees June-Sept. Rate Liftoff Even After Softer Data

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Federal Reserve Bank of Atlanta President Dennis Lockhart said on Wednesday that although first-quarter economic activity slowed, the U.S. central bank should still be ready to raise interest rates from June to September.

“I haven’t changed my view on timing,” Lockhart told reporters during an Atlanta Fed-sponsored financial markets conference in Stone Mountain, Georgia. “I continue to believe the factors influencing the first quarter were transitory.”