Fed’s Collins: Progress needed for interest rate adjustment will take longer
Trending Articles- Trump Blockade of Strait of Hormuz Drives Oil Price Surge, Will This Be Another TACO?
- Silver Price Forecasts: XAG/USD approaches $78.00 boosted by Iran peace hopes
- Nasdaq Index Rises for 10 Straight Days, Why Has Tesla Barely Risen?
- WTI jumps roughly 8% toward $100 as US blockades Strait of Hormuz
- WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains
- AUD/USD climbs above 0.7170 as truce hopes lift risk appetite
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.
Read more
* 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.
