Reported 11 months ago
Boston Fed President Susan Collins emphasizes the need for Fed patience in assessing interest rate cuts, citing mixed US economic data and volatile market conditions. She gathers real-time intelligence from business owners and consumers in her district, such as Lawrence, Mass., revealing concerns about inflation, consumer caution towards price hikes, and uncertainty about Fed rate cuts. Amid optimism and cautiousness, the field visit provides insights supporting a balanced monetary policy approach amidst varying economic sectors and regions, suggesting a realistic optimism for a future with a healthy economy and balanced inflation.
Source: YAHOO