Fed's Collins Says Appropriate For U.S. Central Bank To Remain Patient On Monetary Policy; Fed's Collins Cautions Against Overreacting To Recent Inflation Data, Remains 'Realistic Optimist' On Economy, Monetary Policy; Says Too Soon To Say If Inflation Is Retreating Again To 2%
Portfolio Pulse from Benzinga Newsdesk
Fed's Collins suggests that the U.S. Central Bank should remain patient on monetary policy and cautions against overreacting to recent inflation data. Collins remains optimistic about the economy and monetary policy but notes it is too soon to determine if inflation is retreating to 2%.
June 18, 2024 | 3:45 pm
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Fed's Collins' comments suggest a cautious approach to monetary policy, which may lead to short-term stability in the SPY ETF as investors digest the implications for interest rates and inflation.
Collins' emphasis on patience and caution in response to recent inflation data suggests that the Fed may not make immediate changes to monetary policy. This could lead to short-term stability in SPY as investors wait for more data.
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