Fed’s Collins (2028 voter) expects Fed rate target to hold steady ‘for some time’ and now is time for Fed to be patient and deliberative with rate policy; To cut rates again, need to see clear evidence inflation ebbing
Importance
Level 1
- Sees no urgent need to change monetary policy stance.
- Job market appears relatively stable.
- Outlook for inflation is uncertain with upside risks.
- Expects inflation to ease slowly to 2% target.
- Fed policy is currently well positioned.
- Latest on tariffs could bring more inflation pressure.
- Current economic outlook is fairly benign.
- Financial conditions support expansion.
- Possible hiring pace may be pick up, but likely to remain modest.
- Outlook attended by considerable uncertainty
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