Fed's Collins: I wouldn't take additional firming off the table


Share:

Federal Reserve (Fed) Bank of Boston President, Susan Collins, stated on Friday that she sees evidence indicating that financial conditions are still favorable for the Fed. In an interview with CNBC, Collins mentioned that the latest Consumer Price Index data was promising. 

However, she cautioned against prematurely declaring victory over high inflation and emphasized the importance of patience. Collins stated, "I would not rule out the possibility of further tightening." 

In terms of the labor market, the Boston Fed President noted positive signs indicating that it is gradually reaching a balance.

Market reaction

On Friday, the US Dollar is declining, consolidating significant weekly losses. The DXY is trading slightly above 104.00 and is on the verge of testing monthly lows.
 

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD rebounds from weekly lows, stays below 1.0850

EUR/USD rebounds from weekly lows, stays below 1.0850

EUR/USD erased a large portion of its daily losses after dropping to a weekly low below 1.0800 on Wednesday. The cautious market stance helps the US Dollar hold its ground and makes it difficult for the pair to gather recovery momentum ahead of key US inflation data.

EUR/USD News

GBP/USD stabilizes near 1.2650 following earlier decline

GBP/USD stabilizes near 1.2650 following earlier decline

GBP/USD staged a correction after falling toward 1.2600 earlier in the day and stabilized near 1.2650. The risk-averse market atmosphere doesn't allow the pair to extend its rebound, even though the Q4 US GDP growth was revised lower to 3.2%.

GBP/USD News

Gold fluctuates above $2,030 as US yields edge lower

Gold fluctuates above $2,030 as US yields edge lower

Gold holds above $2,030 in the second half of the day on Wednesday. The benchmark 10-year US Treasury bond yield corrects lower after rising above 4.3% on Tuesday, allowing XAU/USD to cling to modest daily gains ahead of Thursday's PCE inflation data.

Gold News

Bitcoin revisits $60,000 for the first time since November 2021

Bitcoin revisits $60,000 for the first time since November 2021

Bitcoin (BTC) price has tagged the $60,000 psychological level in the early New York trading session on Wednesday. This development puts BTC at a level last seen in November 2021.

Read more

New Zealand's central bank shifts tone, sending Kiwi lower

New Zealand's central bank shifts tone, sending Kiwi lower

 The central bank of New Zealand softened its previous threat to lift rates even further, turning the Kiwi dollar into this morning’s biggest underperformer.

Read more

Forex MAJORS

Cryptocurrencies

Signatures