Feds Collins: Likely to cut rates later this year if economy meets expectations

Boston Fed president Susan Collins is speaking and says:Likely to cut rates later this year if the economy meets expectations.Monetary policy is well positioned for current outlook.Progress back to 2% inflation could be uneven and bumpy.When cuts start, they should be gradual and methodical.Supported FOMC decision to keep rates steady last week.Needs more data before supporting rate cut.Strong January jobs data shows why caution warranted.Economy needs to moderate to get to 2% inflation.Needs to see wage gains moderate to aid move to 2% inflation.Recent data shows economic resilience, demand to take time to moderate. This article was written by Greg Michalowski at www.forexlive.com.

Feb 7, 2024 - 20:26
3
Feds Collins: Likely to cut rates later this year if economy meets expectations

Boston Fed president Susan Collins is speaking and says:

  • Likely to cut rates later this year if the economy meets expectations.
  • Monetary policy is well positioned for current outlook.
  • Progress back to 2% inflation could be uneven and bumpy.
  • When cuts start, they should be gradual and methodical.
  • Supported FOMC decision to keep rates steady last week.
  • Needs more data before supporting rate cut.
  • Strong January jobs data shows why caution warranted.
  • Economy needs to moderate to get to 2% inflation.
  • Needs to see wage gains moderate to aid move to 2% inflation.
  • Recent data shows economic resilience, demand to take time to moderate.
This article was written by Greg Michalowski at www.forexlive.com.
Read More