Fed presidents talk up prospect of 2015 hike

fedres
Federal Reserve building in Washington, DC

Three Federal Reserve presidents indicated a rate hike will be appropriate later this year in comments over the weekend, but to limited effect; traders now expect the Fed to postpone until 2016.

On September 17 the Fed kept its target for the federal funds rate unchanged at 0–0.25%, with only one Federal Open Market Committee (FOMC) member, Jeffrey Lacker, dissenting.

Lacker, the Richmond Fed president, issued a statement explaining his motives on September 19, noting he was "confident"

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