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Fed's Collins (2028 voter) says renewal of combat in Iran war was a key reason she supported rate hikes last week; pencilled in another rate hike this year but expects rates on hold in 2027, via AP

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Fed's Collins (2028 voter) says renewal of combat in Iran war was a key reason she supported rate hikes last week; pencilled in another rate hike this year but expects rates on hold in 2027, via AP

Iran's Foreign Minister arrives in New York to attend UN General Assembly

FX WRAP: Dollar gains as further hikes remain base case

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  • “I did not see the inflation progress I was hoping to see,” she said. “Geopolitical developments suggest that we could continue to see additional pressures push on the energy side.
  • “There were reasons to see an increased likelihood of some of the scenarios in which inflation gets stuck above 2%,” she added, referring to the Fed’s 2% inflation target, which it has not hit for more than five years.
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