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
Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Bitcoin prices have strengthened again, breaking through $79,000 amid strong bullish sentiment; however, investors should be wary of this week's Federal Reserve interest rate decision.On
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.
On April 23, Eastern Time, Intel (INTC) reported its latest quarterly earnings results, showing that revenue grew 7% to $13.6 billion and earnings per share was $0.29, beating expectation
Related Instrument
