MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Collins Advocates Holding Rates At Restrictive Levels For Some Time

FED
  • Boston Fed’s Collins (non-voter) used her appearance at a New England event to advocate the need for holding rates at restrictive levels for some time.
  • Her comments come as Fed implied rates may have seen a recent higher for longer push with cut pricing near recent lows as the market comes to this view, although they still price 107bp of cuts from terminal to Dec’24.
  • She noted in prepared remarks that "While we may be near, or even at, the peak for policy rates, further tightening could be warranted, depending on the incoming data"... "I expect we’ll need to hold rates at restrictive levels for some time."
  • In subsequent Q&A, *COLLINS: RISE IN YIELDS MAY REFLECT IDEA RATES MAY STAY HIGH, 'DON'T THINK WE'RE THERE YET' ON CONTAINING INFLATION - bbg
  • Re policy lags, this from her prepared remarks: "But given that policy is clearly in restrictive territory, I do expect to see slowing growth by the end of this year and throughout 2024."

Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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.