Fed's Collins: Rate Hike Warranted If Inflation Disappoints
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- Fed's Collins said a rate increase is warranted if upcoming inflation data disappoints, describing current rates as "mildly restrictive" and recent inflation readings as "mixed".
- Fed minutes showed four regional bank boards wanted a rate hike, per Reuters coverage of the meeting record.
Why it matters: Collins's openness to further tightening contradicts prevailing market expectations for rate cuts, and the revelation that four regional boards sought a hike signals meaningful internal hawkish pressure within the Fed that keeps the door open to more hikes rather than easing.
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