“I don’t personally see a lot of cost to being patient to the July meeting at least,” Atlanta Fed head Dennis Lockhart said today. “I think we can be watchful and see how things develop over the next few weeks.”
What a difference a month can make.
Way, way back on May 3, 2016 (a.k.a. a month ago), Lockhart called a June rate hike "a real option."
These Fed head guys and gals are getting really silly.