FedIMPORTANT
Fed's Collins (2028 voter) says poor Americans are struggling to make ends meet, and warns that the central bank may need to raise rates to cool inflation, according to FT
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Fed's Collins warned that a September rate hike remains possible as inflation persists, while rising bond yields and hawkish sentiment across the FOMC signal potential further tightening.
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She indicated that she would be open to backing an increase as soon as September if the data dictated it, stating “I do see the possibility that economic conditions in the coming months will require tighter policy, and I would be prepared to raise rates in that context.”
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