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US Rates Need to Rise Soon Absent Evidence of Ongoing Drop in Inflation, Fed’s Collins Says
Summary by WTVB
4 Articles
4 Articles
US rates need to rise soon absent evidence of ongoing drop in inflation, Fed’s Collins says
By Howard Schneider WASHINGTON, Aug 25 (Reuters) – The U.S. Federal Reserve will need to raise interest rates soon unless coming data show a continued decline in inflation that remains too high and which has become a “pervasive” concern for businesses and households, Boston Fed President Susan Collins said on Tuesday. Collins said in comments posted to the Boston Fed website that the current Fed policy rate, under her base case outlook, will c…
Boston Fed President Susan Collins said Tuesday that she currently supports keeping interest rates unchanged, but that further progress is needed in bringing inflation down toward the central bank's 2 percent target, Bloomberg News reports.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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