ChainCatcher news, according to Jinshi, the Fed's Collins said on Tuesday that we should not be blinded by recent inflation data. Collins said: "It is too early to conclude whether the inflation rate is returning to the 2% target in a lasting manner. We should not overreact to optimistic news in one or two months, just as we should not get too many signals from disappointing data at the beginning of this year."
She also said that it is not time to cut interest rates yet, and we need to see more evidence that price pressures are easing. Despite this, Collins believes that the economy is likely on the right track: "I am optimistic that we can restore price stability within a reasonable time if the labor market remains healthy." Collins said that overall, the Fed has made "significant progress" in reducing inflation.
