Free Trial

MNI BRIEF: Fed's Collins Urges Patience On Judging Inflation

Federal Reserve Bank of Boston President Susan Collins on Tuesday urged patience to see if the encouraging recent price data mean inflation is on a sustained path back to the Fed's 2% target.

"I see recent information as encouraging, after the string of higher-than expected inflation readings during the first quarter of 2024. In my view, the data suggest an economy with demand and supply coming into better balance, as required to restore price stability. However, this process may just take more time than previously thought," she said in remarks prepared for a Lawrence Partnership event in Lawrence, Massachusetts.

Keep reading...Show less
177 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.

Federal Reserve Bank of Boston President Susan Collins on Tuesday urged patience to see if the encouraging recent price data mean inflation is on a sustained path back to the Fed's 2% target.

"I see recent information as encouraging, after the string of higher-than expected inflation readings during the first quarter of 2024. In my view, the data suggest an economy with demand and supply coming into better balance, as required to restore price stability. However, this process may just take more time than previously thought," she said in remarks prepared for a Lawrence Partnership event in Lawrence, Massachusetts.

Keep reading...Show less