Fed: Inflation is very likely about to peak — Susan collins

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“It is quite likely that inflation is close to peaking, or has already peaked,” Boston Fed President Susan Collins said on Monday, according to Reuters.

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“The credibility of the Fed is a key part of why medium- and long-term inflation expectations remain well anchored.”

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“It’s part of the reason we have to move quickly on rates, to maintain that credibility.”

“My outlook is for much slower growth in 2022.”

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“We will also have slower economic growth next year.”

“That’s part of what’s needed to bring inflation back down, as well as a modest rise in unemployment, but there are a lot of uncertainties.”

Market reaction

The Dollar Index was last up 0.42% on the day at 113.50 following these comments.

Source: Fx Street

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