Reported about 19 hours ago
Susan Collins, President of the Federal Reserve Bank of Boston, expressed that she now supports fewer rate cuts in 2025 than previously anticipated, influenced by strong employment data and ongoing inflation concerns. Her views align with the Fed’s recent projections, suggesting two quarter-point reductions this year instead of the previously forecasted four. Collins emphasized the importance of patience in assessing economic data and noted that while inflation is expected to decrease, the path may be uneven due to uncertainties associated with impending policy changes from the new Trump administration.
Source: YAHOO