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.