FED Collins shared relatively hawkish comments with the market:
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Inflation expectations are reasonably well anchored
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75 bp rate hike remain on table
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Recent data has increased the top range or where I think rates need to get to. More data will help to form opinion of terminal rate
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Service sector inflation is still very high
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Not seeing clear and consistent evidence of softening of labor markets
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There's a risk that as we raise rates, we may go too far
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Reasonably optimistic that we can avoid recession
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Earlier she emphasized that the US central bank most likely will have to raise interest rates even more and expects a modest rise in unemployment.
US100 erased early gains and pulled back towards major support at the 11700 pts area. Source: xStation5
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