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Collins signals possible September rate hike if inflation stays high, implying higher policy rate.
Boston Federal Reserve President Susan Collins indicated in an interview with the Financial Times that she would support a rate hike in September if inflation remains persistently high. She said she is open to backing a rate increase as early as September if economic data calls for it, and noted that economic conditions in the coming months may warrant a more restrictive policy. Collins does not currently hold a vote on the Federal Open Market Committee.
Collins signals possible September rate hike if inflation stays high, implying higher policy rate.
Hawkish Fed commentary supports higher yields on long-term government bonds.