Fed's Collins: I would think some additional policy tightening is warranted soon
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Possible Fed may ahve to raise more than expected Best care scenario is 'careful adjustment' of mon pol Labor market appears on solid footing The future direction of mon pol is clear Recent inflation data less promising than I hope Inflation is too high and appears to be broadeni
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The desk interprets recent comments from Fed Governor Susan Collins as indicative of a more hawkish stance regarding interest rates, emphasizing the need for sustained restrictive policy to combat persistent inflation pressures. Per the full note [source], Collins highlighted that the Fed may need to hike rates further to achieve its 2% inflation target, particularly in light of ongoing geopolitical tensions that could exacerbate inflation. This aligns with our view that the Fed is unlikely to pivot towards rate cuts in the near term, despite hopes for easing later this year. The broader market consensus appears to be split, with some firms anticipating a more dovish approach as inflationary pressures potentially cool in the coming months.
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How have interest rate expectations changed after this week's events?