“I expect rates to stay higher, and for longer, than previous forecasts suggested,” Boston Federal Reserve Bank President Susan Collins said on Friday, adding that further tightening is not ruled out. , according to Reuters.
Key points
“An optimistic inflation can fall with only a modest increase in unemployment.”
“Current policy requires a lot of patience to get the right signal from the data.”
“Inflation remains too high despite encouraging news from the latest readings.”
“Important aspects of inflation, such as basic services excluding housing, have not yet shown sustained improvement.”
“The continuation of above-trend economic activity means it is too early to be confident that inflation has expired.”
Market reaction
The Dollar Index lost traction and fell below 105.50 in the American session, erasing its daily gains.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
