Fed's Collins says more rate hikes are coming due to high inflation
FROM THE WIRE · REUTERS.COM
Boston Federal Reserve President Susan Collins said on Friday that tighter monetary policy is coming because of high inflation, in comments that suggested the US central bank may have to raise interest rates more than she initially expected.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA Fed official signaling more hikes than expected lifts yields and weighs on equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Boston Fed President Susan Collins said tighter monetary policy is coming because of high inflation.
- 02The stated reason is high inflation.
- 03Collins suggested the Fed may have to raise rates more than she initially expected.