US EditionWill Federal Reserve Cut Rates Again? Boston Fed Chief Susan Collins Says She Hasn't Decided, Flags Inflation Risks
Boston Fed chief Susan Collins is cautious on a December rate cut due to inflation above target and a softening job market, awaiting more data before deciding.
- On Saturday, Boston Fed President Susan Collins said she is leaning against cutting rates next month but remains undecided and wants to see more data, warning `I do see reasons to be hesitant` at the Dec. 9-10 Federal Open Market Committee meeting.
- Amid ongoing inflation and a softening jobs picture, the Fed faces risks from above-target inflation while officials cut rates twice to support jobs and still aim to restrain inflation above the 2% target.
- Collins told reporters that policy is in a mildly restrictive range after the 50-basis-point easing in September and October, describing her outlook as relatively benign with modest unemployment rise and moderating inflation.
- Market participants adjusted easing odds after officials publicly staked positions, as opposing policymakers resist cuts and Collins acknowledged the FOMC meeting may be unusually fractious.
- With the Dec. 9-10 meeting approaching, officials are publicly staking divergent positions, as John Williams sees room for adjustment and Christopher Waller warns `get ready: You might see the least groupthink you've seen from the FOMC in a long time`.
12 Articles
12 Articles
Will Federal Reserve cut rates again? Boston Fed chief Susan Collins says she hasn't decided, flags inflation risks
Boston Fed President Susan Collins remains undecided on her vote for December's policy meeting, expressing concerns about inflation and employment. She notes that current policy is mildly restrictive and highlights the need for caution regarding potential rate cuts.
Fed’s Collins signals hesitation on December rate cut
Boston Fed President Susan Collins signaled a clear preference for caution ahead of the December 9–10 FOMC meeting, saying she sees “reasons to be hesitant” about lowering borrowing costs again. After the 50bps of easing delivered in September and October, Collins argued on Saturday that policy is now “mildly restrictive” and appropriately calibrated to current […] The post Fed’s Collins signals hesitation on December rate cut appeared first on …
XAU/USD gains ground above $4,050 on Fed rate cut bets, US data awaited
Gold price (XAU/USD) trades in positive territory around $4,075 during the early Asia session on Monday. The precious metal edges higher as expectations for a Federal Reserve (Fed) rate cut rise after comments from John Williams. The US September Producer Price Index (PPI) and Retail Sales reports will be in the spotlight later on Tuesday. New York Fed President John Williams said on Friday that the US central bank could still trim interest rat…
US Fed Divided Over Interest Rate Cut
Federal Reserve Bank of Boston President Susan Collins indicated on Saturday she’s leaning against a U.S. interest rate cut next month. The bank faces ongoing risks to both inflation and employment mandates. Collins expressed hesitancy about lowering short-term borrowing costs at the December 9-10 Federal Open Market Committee (FOMC) meeting, stating that current policy is in a ‘mildly restrictive range’ after previous easing measures in Septemb…
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