More from Fed’s Collins – gonna take a while for inflation to come down

Collins spoke on Tuesday:

• Fed’s Collins cautions against over-reacting to recent inflation data

Read that post, sound advice from Collins.

More now:

• its going to take some time for inflation to come down
• economic data points to an economy coming into better balance
• Collins says she can see scenarios for both one and two cuts in 2024

Collins doesn’t outline the scenarios but I think if the inflation data does improve, come closer to 2% then yes, I can see one rate cut. Maybe December?

The scenario where the Fed cut’s twice in ’24 is obvious. When pigs fly.

This article was written by Eamonn Sheridan at www.forexlive.com. Source