Federal Reserve Bank of Boston President Susan Collins said on Thursday that the central bank is at or near the peak of the interest rate hike cycle.
She did not rule out more rate hikes but warned the current stance calls for patience. Collins said the latest inflation data underscores uneven progress in slowing inflation.
She added that the increase in bond yields could take pressure off the Fed to raise rates further. Market reaction The US Dollar is holding firm to daily gains, following the US Consumer Price Index report. The Dollar Index is up 0.80%, above 106.50.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds make multiple arrests in Bay Area mail theft casesFederal authorities announced Tuesday several people have been arrested in connection with postal crimes, including assaults on postal workers, mail truck break-ins and mail theft.
Read more »
Feds, local investigators working on Chinese consulate investigationLocal and federal officials are working to unravel the events that led up to a man crashing a car into the San Francisco Chinese consulate.
Read more »
Feds seek 3 months for Michigan GOP candidate Ryan Kelley in Jan. 6 caseRyan J. Reilly is a justice reporter for NBC News.
Read more »
Former Southlake real estate agent accused by feds in $2.55M investment scam in SeattlePaul Waln, a former real estate agent in Southlake, and ex-wife Tamara King face federal charges in Seattle after 22 investors lost money.
Read more »
N.J. postal worker got $155K a year in disability while secretly working elsewhere, feds sayMorris County NJ breaking and regional news, sports, weather, entertainment, opinion and living. Find out about Union County New Jersey's nightlife and restaurants, events, search for real estate, get local opinions and the latest Morris County news and join the discussion in the forums. Search classifieds and find more about Morris County at NJ.
Read more »
Parole fugitive dubbed 'ringleader' of major drug trafficking ring let go by feds earlierOn February 13, 2020, during an undercover drug buy a confidential source witnessed Aram Abdul Berzenji call Llobani Figueroa and order one pound of methampheta
Read more »