Fed's Collins: I wouldn't take additional firming off the table
|Federal Reserve (Fed) Bank of Boston President, Susan Collins, stated on Friday that she sees evidence indicating that financial conditions are still favorable for the Fed. In an interview with CNBC, Collins mentioned that the latest Consumer Price Index data was promising.
However, she cautioned against prematurely declaring victory over high inflation and emphasized the importance of patience. Collins stated, "I would not rule out the possibility of further tightening."
In terms of the labor market, the Boston Fed President noted positive signs indicating that it is gradually reaching a balance.
Market reaction
On Friday, the US Dollar is declining, consolidating significant weekly losses. The DXY is trading slightly above 104.00 and is on the verge of testing monthly lows.
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