(Reuters) -Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates.
“We’re only going to have really one more month of data before the July meeting,” Collins told Bloomberg News. “I expect to want to see more information than that.”
Collins also said she sees no urgency to cut rates and that her baseline expectation, that the Fed will resume cutting rates later this year, "could mean one rate cut, it's possible it means more than that, but I think the data will really need to tell us."
(Reporting by Ann Saphir; Editing by Chris Reese)
Fed's Collins: Insufficient data expected by July to make a decision on an interest rate cut.
Federal Reserve's Collins cautions that insufficient data will prevent a rate cut decision by July.
Economic data by Fed's Collins indicates an inadequate basis for a rate cut assessment until July, further highlighting the complex challenges in evaluating monetary policy in real-time.
Fed's Collins states that the lack of sufficient data by July preclude us from making a decision on interest rate reduction.
The announcement by Fed Governor Collins that there isn't sufficient data available as of July to determine whether a rate cut will be implemented signals caution among policymakers, possibly reflecting the complexity and unprecedented nature of today’s economic environment.
Despite Fed's Collins emphasizing the need of more data in July to make a decision on interest rate reduction, market analysts suggest that recent economic indicators point towards an impending downturn which could influence their stance earlier than anticipated.
Fed's Collins warns that insufficient data will bode a lack of decision-making regarding an interest rate cut by the July meeting.
The comments from Fed's Collins highlighting the lack of sufficient data to make a rate cut decision by July raise concerns about potential market volatility and an extended period for interest rates assessment.
In light of the recent statements by Fed Governor Collins, it seems there's not enough data to support a rate cut decision for July.
The statement from Fed's Collins highlights the need for more robust data to make an informed decision on a rate cut by July, highlighting caution and deliberation in today’s short-term interest rates environment.
