Free Trial

Boston Fed’s Collins Undecided On Sept Decision

FED
  • Boston Fed’s Collins, a ’22 voter who first voted at the Jul FOMC, spoke last week to the Six Hundred Atlantic podcast but with headlines only hitting now.
  • She gives relatively little away for clues to her policy bias (being a new voter), saying that inflation is “simply too high” and returning inflation to target is “really job one” whilst it being premature to specify the policy decision for the Sep 21 FOMC.
  • The latter echoes what Cleveland’s Fed Mester (’22) told MNI earlier, indicating no new preference between a 50 vs 75bp hike and with a decision only coming at the meeting itself, as part of her current view to getting rates somewhat above 4% by early next year and holding it there.
  • Pricing for the Sept FOMC holds at 70bps after the WSJ’s Timiraos article indicated a leaning to 75bps over 50bps this morning.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.