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Fed's Collins: Expect to start rate cuts soon, and the pace of rate cuts will be gradual

GoldenOctober2024

2024-08-22 13:10:35

The Golden Data News on August 22nd, Boston Fed President Collins said she expects the Fed to start lowering interest rates soon, and a "gradual and orderly pace of rate cuts" may be appropriate. Collins said in an interview, "The data will tell us what kind of pace is reasonable. There is no predetermined path." "I think we are in good overall condition. It is very important to maintain this condition in the context of dropping inflation." The revision of the non-farm data is expected, and the unemployment rate remains very low. Collins said that overall, the labor market is quite healthy, and it is very important to maintain such a healthy labor market.

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