Markets underestimate chance of June rate rise, says Fed official

Dennis Lockhart says investors are overly pessimistic about the US outlook
Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks to reporters following a luncheon hosted by the Atlanta Press Club in Atlanta, Georgia, U.S., on Monday, Aug. 10, 2015. Lockhart said the U.S. economy has made enough progress to warrant raising interest rates soon, even if incoming economic indicators are mixed. Photographer: Chris Rank/Bloomberg *** Local Caption *** Dennis Lockhart
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Financial markets are being overly pessimistic about the US outlook and may underestimate the chances of an interest-rate increase as soon as June, according to a senior Federal Reserve official.