Fed Collins: The job market is coming to a better balance
Source Fxstreet
Federal Reserve Bank of Boston President Susan Collins emphasized that the US economy requires a period of moderation as a means to reattain the central bank's 2% inflation target.
Key Quotes
Demand will need to slow to get inflation to 2%.
Fed policy well positioned for current outlook.
Monetary policy is ‘moderately’ restrictive.
There are risks to cutting rates too soon.
Doesn’t expect productivity jump to be persistent.
Firm well positioned to absorb faster wage growth.
Recent inflation setbacks are not a surprise.
Optimistic fed can get 2% inflation in reasonable time frame.
Economy robust, job market coming into better balance.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As one of the most traded currency pair in the forex markets, the price of EURUSD affects many traders. Check out our EURUSD long-term forecast for more information.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a “perpetual
Recent analysis shows that Shiba Inu’s (SHIB) recovery prospects are closely tied to the broader altcoin market, which has seen prices plunge for months.However, if a consistent price increase occurs,
Gold price (XAU/USD) touched a fresh all-time peak, around the $2,563-2,564 region during the Asian session on Friday amid expectations for a more aggressive policy easing by the Federal Reserve (Fed).
Related Instrument
