It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely ...
- It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the U.S. central bank's policy meeting next month.
"I think a gradual, methodical pace once we are in a different policy stance is likely to be appropriate," Collins added, as she noted that preserving the health of the labor market is a priority.Germany's government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty, Chancellor Olaf Scholz said Thursday.
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