Summary
- Susan Collins, president of the Boston Fed, said additional interest-rate hikes may be needed.
- Collins said inflation pressures remain above target and stressed that the Fed will continue taking steps to achieve its price-stability goal.
- Markets are watching how hawkish remarks from Fed officials could affect the future rate path and risk-asset markets, with upcoming Consumer Price Index (CPI) and employment data seen as key variables.
Forecast Trend Report by Period
Susan Collins, president of the Federal Reserve Bank of Boston, said additional interest-rate increases may be needed to ease inflation pressures, signaling the Federal Reserve could keep its policy stance tight.
Walter Bloomberg reported on May 13 that Collins said the benchmark rate may need to rise further to help cool inflation.
Inflation pressures remain above the Fed’s target, she said.
Collins also stressed that the central bank will continue taking the steps needed to achieve price stability.
In the U.S., inflation has recently been viewed as slowing more gradually than expected as energy prices rise and the labor market remains firm.
Markets are focused on how hawkish remarks from Fed officials could affect the path of interest rates and risk assets. Upcoming Consumer Price Index data and employment figures are seen as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
