Top News

Fed’s Collins backs another rate hike by year-end, flags three inflation pressures

Collins’ remarks reinforce expectations of another quarter-point rise before year-end, with recent Fed commentary leaning towards December rather than this month’s meeting. That should keep front-end Treasury yields supported and limit room for a sustained dollar pullback while hikes stay in play. For oil traders, the significance is the feedback loop: further gains in crude and refined products tied to the Middle East war now feed straight into Fed hike expectations, so energy strength carries rates and dollar consequences. A softer run of data would be the main thing to cool that pricing. --- Earlier: Fed Williams: Sees no need for rate hike in 2027 at this time --- Collins sees a resilient economy as giving the Fed licence to keep tightening, with war-driven fuel costs the clearest reason inflation won’t get back to target on its own. Summary: Boston Fed President Susan Collins expect