MNI BRIEF: Trudeau Says Canada Tax Holiday Won't Boost CPI

TRUDEAU: CAN'T GUARNATEE MEXICO WILL REMAIN IN USMCA

TRUDEAU SAYS TAX BREAK WON'T STIMULATE INFLATION

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

MNI: US NAR: OCT EXISTING HOME SALES 3.96M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

FED: Boston's Collins Takes Dovish Slant On Housing Inflation

FED
USEM BulletFederal ReserveCentral Bank NewsEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America

 Boston Fed's Collins delivers some of the more dovish comments by an FOMC member since the November meeting, but she's a dove, so no surprise.

  • "I expect additional adjustments will likely be appropriate over time, to move the policy rate gradually from its current restrictive stance back into a more neutral range...the FOMC will need to make decisions meeting-by-meeting, based on the data available at the time and their implications for the economic outlook and the evolving balance of risks." "The intent is not to ease too quickly or too much, hindering the disinflation progress to date. At the same time, easing too slowly or too little could unnecessarily weaken the labor market."
  • Unlike some of the hawks (including Bowman today), she seems satisfied that disinflation will continue, and makes a specific note of saying that she doesn't think housing inflation "raise[s] concerns for me about the durability of inflation’s trajectory back to 2 percent – as long as new tenant rent inflation remains subdued and overall inflation expectations stay well-anchored."
  • Full speech text is here. 
173 words

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.

 Boston Fed's Collins delivers some of the more dovish comments by an FOMC member since the November meeting, but she's a dove, so no surprise.

  • "I expect additional adjustments will likely be appropriate over time, to move the policy rate gradually from its current restrictive stance back into a more neutral range...the FOMC will need to make decisions meeting-by-meeting, based on the data available at the time and their implications for the economic outlook and the evolving balance of risks." "The intent is not to ease too quickly or too much, hindering the disinflation progress to date. At the same time, easing too slowly or too little could unnecessarily weaken the labor market."
  • Unlike some of the hawks (including Bowman today), she seems satisfied that disinflation will continue, and makes a specific note of saying that she doesn't think housing inflation "raise[s] concerns for me about the durability of inflation’s trajectory back to 2 percent – as long as new tenant rent inflation remains subdued and overall inflation expectations stay well-anchored."
  • Full speech text is here.