(Reuters) -Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates. “We’re only going to have really one more month of data before the July meeting,” Collins told Bloomberg News. “I expect to want to see more information than that.” Collins also said […]
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Fed’s Collins: not enough data by July to decide on a rate cut
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(Reuters) -Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates.
“We’re only going to have really one more month of data before the July meeting,” Collins told Bloomberg News. “I expect to want to see more information than that.”
Collins also said she sees no urgency to cut rates and that her baseline expectation, that the Fed will resume cutting rates later this year, “could mean one rate cut, it’s possible it means more than that, but I think the data will really need to tell us.”
(Reporting by Ann Saphir; Editing by Chris Reese)