Fed's Collins: Fed may be at or near time to pause interest rate hikes
|Boston Federal Reserve President Susan Collins said on Thursday that the Fed "may be at or near" the time to pause interest rate increases, as reported by Reuters.
"While inflation is still too high, there are some promising signs of moderation," Collins further elaborated.
"I also believe it is important to make each policy decision based on a holistic assessment of information available at the time - and the next policy meeting will be in mid-June," she added and reiterated that they will continue to monitor a wide range of data to evaluate how the economy is doing.
Market reaction
The US Dollar Index retreated modestly from daily highs following these comments and was last seen gaining 0.2% on the day at 104.10.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.