Two Fed rate hikes 'conceivable' in 2016, September in play: Lockhart

The U.S. economy is likely strong enough for at least one interest rate increase before the end of 2016, with two hikes a possibility, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday. "I would not rule out September," Lockhart said, citing what he described as ongoing U.S. job gains and "healthy" signs that inflation will pick up as possibly justifying a rate increase at the Fed's policy meeting next month. In his speech in Knoxville, Lockhart said recent U.S. gross domest