Fed's Collins: It's appropriate to slow the pace of rate hikes
Should see a moderation in shelter inflation in spring of this yearRisks now more two-sidedI'm reasonable optimistic there is a path to reducing inflation without a significant downturnBringing labor market into better balance is 'critical' to achieving inflation target, still a long way to goPolicy rate needs to rise to likely just above 5%, then we need to hold rates for some timeThe names change but the comments are the same. Every Fed officials is singing from the same choirbook. This article was written by Adam Button at www.forexlive.com.
- Should see a moderation in shelter inflation in spring of this year
- Risks now more two-sided
- I'm reasonable optimistic there is a path to reducing inflation without a significant downturn
- Bringing labor market into better balance is 'critical' to achieving inflation target, still a long way to go
- Policy rate needs to rise to likely just above 5%, then we need to hold rates for some time
The names change but the comments are the same. Every Fed officials is singing from the same choirbook.
This article was written by Adam Button at www.forexlive.com.
