The conditions needed for the first rate hike potentially could be satisfied "as soon as September," said Federal Reserve Governor Jerome Powell, on Tuesday. Powell said that he wasn't saying that a rate hike was certain at the Fed's September meeting but said he thought there was a 50-50 chance of a move. "It depends on the data," Powell said. His comment came in a breakfast conversation sponsored by the Wall Street Journal. Powell said his own forecast calls for a second rate hike in December.
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