Former Fed Pres Lockhart: The Fed is likely to pause tomorrow

<p>Former Atlanta Fed Pres. Dennis Lockhart is on CNBC and says:</p><ul><li>Fed likely to pause</li><li>Fed will likely be more neutral </li><li>Longer rates are taking on the expectations of a soft land and benign view of the future</li><li>I expect the Fed to stay higher for longer, but expect a transition by the end of the year</li><li>On core inflation, the narrative is playing out, but not on a path to 2% objective. Will keep the Fed cautious.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.