(Bloomberg) Federal Reserve Bank of Boston President Susan Collins said she’s looking for more evidence that inflation is durably set to align with policymakers’ 2% target before moving to cut interest rates, though that step is likely “later this year.”Most Read from BloombergHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries to End RoutTesla Asks Which Jobs Are Critical, Stoking Layoff FearsUS Commercial Real Estate Contagion Is N
(Bloomberg) Federal Reserve Bank of Boston President Susan Collins said more US interest-rate increases may be necessary and that she wasn’t prepared to signal the peak point.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsMore People Call in Sick on August 24 Than Any Other DayBRICS Bloc Grows Heft With Saudi Arabia and Other Mideast PowersStocks Drop as AI Buzz Wanes With Powell in Focus: Markets