Fed’s Collins: Growth has been slowing but economic fundamentals are relatively solid

Forex Short News
  • Growth is slowing but economic fundamentals are relatively solid.
  • We cannot wait for all on the uncertainty to be behind us.
  • Have to look at the whole picture and not focus too much on 1 or 2 specific indicators.
  • the number 1 concern is the inflation picture but she is of course looking out on the employment side as well
  • Upside risk to inflation, downside risk to employment.
  • They are anticipating into the next quarter and into next year that inflation will remain elevated.
  • Does not rule out a larger impact from tariffs on inflation
  • Not a done deal terms of what we do at next meeting.
  • The risks on both sides of the mandate have into rough balance.
  • She is not that worried about inflation expectations moving up.
  • Policy is moderately restrictive which is appropriate.
  • She is laser focused on the data.
  • Repeats that the underlined fundamentals are still quite healthy

The comments are probably not far from what we might expect from Fed Chair Powe;;

US equities are trading higher in premarket:

  • Dow industrial average at 150 point.
  • S&P up 14.58 points (S&P is on its largest losing streak since January 2)
  • NASDAQ index is up 32.6 point

This article was written by Greg Michalowski at investinglive.com.