FED Collins: 75bp hike is still on the table

4:45 PM 18 November 2022

FED Collins shared relatively hawkish comments with the market:

  • Inflation expectations are reasonably well anchored

  • 75 bp rate hike remain on table

  • 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

  • Service sector inflation is still very high

  • Not seeing clear and consistent evidence of softening of labor markets

  • There's a risk that as we raise rates, we may go too far

  • Reasonably optimistic that we can avoid recession

  • 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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