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Fed’s Collins: Too soon to say if inflation is retreating again to 2% || Recent inflation data has been encouraging
FED’S COLLINS: TOO SOON TO SAY IF INFLATION IS RETREATING AGAIN TO 2% || FED’S COLLINS: RECENT INFLATION DATA HAS BEEN ENCOURAGING || FED’S COLLINS: U.S. CENTRAL BANK HAS MADE NOTABLE PROGRESS LOWERING INFLATION
— First Squawk (@FirstSquawk) June 18, 2024
FED’S COLLINS: ECONOMY HAS BEEN REMARKABLY RESILIENT || FED’S…
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Takeaways from Boston Fed President Susan M. Collins’ Remarks
Collins is encouraged by recent economic data that suggests demand and supply are coming into better balance. Still, the appropriate approach to monetary policy continues to require patience. Collins says recent economic information is encouraging, after the string of higher-than-expected inflation readings during the first quarter of 2024. The data suggest an economy with demand and supply coming into better balance, as needed to restore price stability. However, she says, this process may take more time than previously thought. It is still uncertain whether inflation is durably on a path back to the 2 percent ... (full story)