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- Fed's Collins: Further tightening is certainly not off the table
Fed's Collins: Further tightening is certainly not off the table
"I expect rates may have to stay higher, and for longer, than previous projections had suggested," Federal Reserve Bank of Boston President Susan Collins said on Friday and added that further tightening is certainly not off the table, per Reuters.
Key takeaways
"Optimistic inflation can fall with only a modest rise in unemployment."
"Current policymaking requires considerable patience to get the right signal from data."
"Inflation remains too high despite encouraging news from recent readings."
"Important aspects of inflation, like core services excluding shelter, have not yet shown a sustained improvement."
"Continued above-trend economic activity means it's too soon to be confident inflation is beaten."
Market reaction
The US Dollar Index lost its traction and declined below 105.50 in the American session, erasing its daily gains in the process.
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