Fed’s Collins: Progress needed for interest rate adjustment will take longer

FXStreet
Updated May 22, 2024 06:32
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Federal Reserve Bank of Boston President Susan Collins spoke at “Central Banking in the Post-Pandemic Financial System” on Wednesday. Collins said that progress toward interest rate adjustment will take longer. 


Key quotes


Elevated uncertainty continues to be a feature of the economy, can't overreact to any data point.

Progress needed for interest rate adjustment will take longer.

Fed well positioned, time for patience.

Policy restrictions evident in some indicators. 


Market reaction


The US Dollar Index (DXY) is trading 0.04% lower on the day at 104.60, as of writing.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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