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Fed

Fed's Collins (2028 voter, neutral) says rate increase is warranted if inflation disappoints, reports WSJ

StockNow breaking-news AI analysis

Fed's Collins signaled readiness to support interest rate increases if inflation progress stalls, as July core PCE held elevated at 3.3% year-over-year.

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The July PCE was broadly in line with her outlook though core inflation, which removes food and energy prices, came in higher than she had expected.

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