Boston Fed Pres. Collins: Recent data argue against imminent need to change rates

• Recent data argue against imminent need to change rates.
• Still expects rate cuts this year.
• May take more time for economy to moderate as needed.
• Economic strength may auger fewer rate cuts.
• Disinflation likely to continue to be uneven.
• Recent inflation data haven’t changed view about outlook.
• Economy strength may mean Fed policy not as restrictive as thought.
• Strong job market reduces urgency of rate cut need.
• Expects inflation to continue to moderate.
• Fed policy well positioned for current economy.
• Economy resilient in face of Fed rate policy; may take longer to get inflation back to 2%.

This article was written by Greg Michalowski at www.forexlive.com.