Susan M. Collins

I'm Christina Maroukos.

The US dollar traded lower against all the other major currencies on Tuesday, and it is extending its slide early on Wednesday despite Boston Fed President Susan Collins supporting another rate increase this year and despite ongoing hostilities in the Middle East pushing oil prices higher.

Perhaps the dollar slid as traders decided to limit their exposure ahead of today's CPI report and amid a slide in long-dated yields after New York Fed President Williams said that inflation should slow considerably and saw no need for additional hikes in twenty twenty-seven.

Also, investors may have decided to buy treasuries due to yields reaching extremely attractive levels.

Hey, Melissa.

Susan Collins, Boston Fed president, speaking at this hour, saying it is appropriate to raise rates, quote, a bit further by the year end.

She's concerned that stronger demand from AI, along with elevated tariff and energy prices, could lead to higher inflation.

Doesn't see much more, just a bit further, she said.

And so with the labor market on relatively solid footing, monetary policy can focus on ensuring that we restore, in a timely way, sustainable, durable 2% inflation.

That's Boston Fed President Susan Collins.

She was speaking alongside Barkin from Richmond, Schmidt from Kansas City.

But they wouldn't tell the moderator, Neil Irwin from Axios, if they were on board with an October rate hike, saying they were awaiting economic data and the next Fed meeting.

And then

For several months, we in circle have been coordinating with the Boston Federal Reserve Bank to invite Susan M. Collins down.

Well, she was already coming to Connecticut.

And we invited her down to New Haven to meet with some of our providers, as well as to tour the new family child care incubator that we are getting ready to launch, hopefully, fingers crossed, that we can launch this in October.

So Hope for New Haven is sponsoring our first incubator, actually our first incubator in New Haven.

I know that Havenly, one of our close partners, they're also working to establish their incubator as well.

And so these new emerging entrepreneurs got an opportunity to meet with and just to share with Susan M. Collins.

And it's important for me to add the M because there is also Susan Collins was a Senator from Maine, two different people.

And we do have the Federal Reserve's preferred inflation metric and monthly job numbers.

There is a parade of U.S. top Fed officials, John Williams, Laurie Logan, Neil Kashgari, Austin Goolsbee, Alberto Muzalem, Thomas Barkin and Susan Collins, all set to speak about the economic outlook this week.

So that is going to be interesting news.

as well.

U.S. money markets are now pricing in a 75% chance of another quarter point rate hike in October.

with an increase fully priced in by december several fed officials including richmond fed president thomas barkin and boston fed president susan collins have indicated that additional rate hikes are possible meanwhile the euro fell to an eight-week low the british pound slumped to a 12-week low so the dollar has uh rallied especially the last two weeks on this rate hike thing uh how scary is a stronger dollar or are you not concerned about this

I mean, if the dollar continues on an upward trajectory, there's no doubt that from an export standpoint, it makes things a little bit more expensive.

But, you know, I kind of go back to the Chinese discussion, Joe.

It seems that the Fed's hawkish hike, alongside hawkish remarks by policymakers yesterday, continued allowing investors to maintain a relatively steep implied rate path.

Boston Fed President Susan Collins said yesterday that elevated price pressures demand more restrictive policy for achieving long-term progress.

price stability.

Richmond Fed President Tom Barkin also appeared hawkish, noting that upside inflation risks are currently outweighing any employment-related downside risks.