Dennis Lockhart, the president of the Atlanta Fed, said that chances of a rate hike have come down since earlier in August and are now ’50-50.’ “That seems to me to be a reasonable assessment of the situation,” Lockhart said in an interview on Bloomberg News. Earlier in August, Lockhart told the Wall Street Journal he was likely to support a rate hike in September. But Lockhart said the market volatility in recent days was a “new” risk factor. “It has to be considered an open question whether we move now or wait a little while,” he said. The Fed has to evaluate how lower oil prices, market turmoil, and the stronger dollar will impact the Main Street economy.
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