Fed Collins Calls US Inflation Mixed
Boston Federal Reserve President Susan Collins described recent U.S. inflation data as mixed but maintained an outlook for gradual disinflation. She noted that many price pressures are easing and does not currently see a need to raise interest rates.
Boston Federal Reserve President Susan Collins said the latest United States inflation reading was mixed, driven higher by portfolio fees rather than broader price pressures. The PCE Price Index rose at a 3.7% annual rate in July, remaining well above the central bank's target. Collins indicated that current policy settings remain slightly restrictive, supporting a baseline outlook of gradual disinflation.
