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Collins Says Fed Rate Cuts to Come ‘Soon’ If CPI Keeps Falling
The US Federal Reserve could begin easing interest rates if inflation continues on its downward path amid a strong labor market, Boston Fed President Susan Collins said in an interview with the Providence Journal. “If the data continue the way that I expect, I do believe that it will be appropriate soon to begin adjusting policy and easing how restrictive the policy is,” Collins said. “My outlook is for continued gradual reduction back to our 2% target amid a healthy labor market.” The US labor market remains strong even though the latest jobs figures came in softer than predicted, Collins added. She also ... (full story)
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- Posted: Aug 9, 2024 8:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,932
