Susan Collins Says Rates Should Rise ‘a Bit Further’ Before Year-End: Fed President Flags AI and Energy Inflation Risks
Susan Collins, president of the Boston Federal Reserve, said on Tuesday, October 13, that the Federal Reserve may need to raise interest rates again before year-end as inflation remains above target.
A Fed leader thinks interest rates might go up more before year ends. When rates rise, borrowing costs go up for everyone, which can slow down spending.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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