Reported 8 months ago
In an interview with Yahoo Finance, Federal Reserve Bank of Boston President Susan M. Collins discusses the possibility of one or two rate cuts in 2024. Collins sees evidence of the economy coming into better balance and expresses optimism in the Fed's ability to reduce inflation and maintain a strong labor market. She emphasizes the need for patience due to the volatility in monthly data and highlights the importance of carefully analyzing a wide range of indicators when assessing inflation trends. Collins suggests that there are scenarios where the Fed may lower rates later in the year and acknowledges the risks of not cutting rates soon enough.
Source: YAHOO