Reported 8 days ago
Susan Collins, President of the Federal Reserve Bank of Boston, stated that she anticipates inflation will return to the central bank's 2% target despite potential month-to-month volatility. Speaking after a conference, she noted that while there may be fluctuations, she doesn't foresee new price pressures and mentioned that monetary policy remains restrictive. An interest rate cut is still possible in December, dependent on upcoming data.
Source: YAHOO