It is premature to say how high the Fed's benchmark interest rate needs to go, said Boston Fed president Susan Collins on Friday.
It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday.
Collins... It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday. Collins said it was hard to extract the signal from the October jobs report. Indicators of demand and the labor market may continue to send different signals as businesses have a need to fill vacant positions even with some slowing in demand, she said.Collins said she was optimistic that the Fed could relieve inflation pressures in the economy without a significant economic slowdown.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suspect in Pa. crash that killed pregnant woman arrested in BostonPolice said the 31-year-old victim was eight months pregnant at the time of the collision. The mother and unborn child did not survive the crash.
Read more »
Dropkick Murphys on 'Proto-Punk' Woody Guthrie, Who Wrote 'Shipping Up to Boston'Woody Guthrie may have played in the '40s, but Tim Brennan of Dropkick Murphys tells us he's the first punk rocker.
Read more »
Breakingviews - Credit Suisse puts “first” back into First BostonFirst Boston is an old Wall Street name that’s re-emerging from Credit Suisse with some new features. The Swiss bank has revived the brand to carve out its securities underwriting and merger-advisory business under the leadership of board member and former Citigroup rainmaker Michael Klein. It could be messy, but at least it’s creative.
Read more »
Real estate experts see Boston market cooling off, as interest rates go up againData from the Massachusetts Association of Realtors show the number of single-family homes sold in the state in September fell more than 15% from the year before.
Read more »
Federal Reserve approves another 0.75-point rate hikeBREAKING: The Federal Reserve says it is raising interest rates another 0.75% to slow key areas of the economy and tame inflation.
Read more »