24 Hrs
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المشهد العربي
Collins: Inflation data mixed, rate hikes unnecessary
The Chair of the Federal Reserve Bank of Boston, Susan Collins, confirmed that recent inflation indicators have shown significant variability. She stated that the overall high figure is due to temporary factors that do not warrant increasing interest rates at this time. She pointed out that inflation is gradually heading downward as the pace of monthly inflation approaches the target of 2%, with borrowing costs remaining stable at current levels, which lightly constrain economic activity. She also believes that there are other catalysts, such as increasing productivity and the fading effects of tariffs, which help absorb inflation pressures.
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