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Fed's Lockhart says weak demand puts rate hike timetable in doubt
Reuters: Atlanta Federal Reserve bank president Dennis Lockhart said the U.S. economy is still hampered by weak demand at home and internationally, potentially pushing the need to raise interest rates later into next year.
The forces that could weigh on the U.S. recovery include the recent run-up in the value of the dollar and the potential that could choke exports, Lockhart said, becoming the latest in a series of Fed officials this week to cite concern about currency appreciation.
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