"Fed's Susan Collins remains open to further rate hikes despite Zen-like approach"

Boston Federal Reserve President Susan Collins stated that despite recent positive signs on inflation, more interest rate hikes cannot be ruled out. Collins emphasized the need to stay the course and avoid repeating past mistakes of ending efforts to bring down inflation too early. While recent inflation reports showed a slowdown, Collins cautioned that the data has been "noisy" and a holistic approach is necessary. Market expectations suggest no further rate hikes, with projections of rate cuts starting in May. Collins highlighted progress in the labor market and financial conditions but stressed the importance of patience and not declaring victory prematurely.