Technical Analysis
Fed’s Collins: Time for Fed to shift focus from size of rate hikes to the ultimate level
- It’s premature to comment on the ultimate level of rates
- I don’t believe a big slowdown is needed to achieve price stability
- Signs inflation surge is starting to moderate
- Recognizes risks of hiking too far
These are the first comments from a Fed official since the FOMC decision but it’s certainly in line with what Powell has said. The market wants to hear some comments about the ultimate level.