Boston Federal Reserve President Susan Collins emphasized a cautious stance toward future policy decisions, hinting at the possibility that the Fed might be nearing the peak for interest rates amidst the fluctuating economic climate, according to a report by Jeff Cox. Echoing the prudence advocated by Federal Chair Jerome Powell and Governor Christopher Waller, Collins highlighted the necessity of data-dependent strategies, adaptable to evolving market conditions, especially considering the recent minor slowdown in inflation and wage growth noted in July. However, she maintained a vigilant stance, open to further tightening if the positive trend in inflation data proves transient. In this complex scenario, she underscored the prolonged impact of rate hikes on the economy, potentially extended due to Cov-related factors and robust household and corporate balances, advocating for a systematic deceleration to align demand with supply effectively. This cautious approach mirrors the broader market sentiments, with CME Group data projecting a diminished likelihood of a rate hike in the upcoming September Federal Open Market Committee meeting, but indicating a nearly balanced probability for the October-end meeting, reflecting the pervasive uncertainty and the critical role of data in shaping future policy directions. #federalreserve #inflation #economy #oil #interestrates #realestate
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