Fed's Collins: Monetary policy well-positioned, time for patience and care
Source Fxstreet
Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the US economy is solid overall and added that the monetary policy is well-positioned, per Reuters.
Key takeaways
"Time for patience and care."
"Supported Fed's decision to hold steady on rates last week."
"Tariffs likely to push up inflation, lower growth and hiring."
"Expecting to see more tariff impact over coming months."
"Expecting it to be appropriate to lower rates later this year but much depends on tariffs."
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar (USD) Index was up 0.15% on the day at 98.12.
These comments from Collins received a neutral score of 5.4 from FXStreet Fed Speech Tracker.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP eye key breakouts Bitcoin (BTC) price continued to trade in green on Wednesday, having risen 5% over the previous two days. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and rallied, approaching their key resistance levels, where a breakout would suggest further upside moves.
Bitcoin (BTC) price continued to trade in green on Wednesday, having risen 5% over the previous two days. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and rallied, approaching their key resistance levels, where a breakout would suggest further upside moves.
XRP price started a fresh increase from the $2.050 zone. The price is back above $2.10 and might struggle to continue higher above the $2.20 zone. XRP price started a fresh increase above the $2.120
On-chain data shows Tron (TRX) observed a large profit-taking spike earlier in the month. Which type of holder was responsible for the move? Tron SOPR Saw A Huge Spike Earlier In The Month In a
Gold price (XAU/USD) is trading higher during the Asian session on Wednesday and looking to build on the previous day's modest bounce from sub-$3,300 levels, or over a two-week low.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends the decline to near 97.90 during the early European session on Wednesday.
