Fed's Collins: The Federal Reserve still needs to raise interest rates further before the end of this year.

Boston Federal Reserve President Susan Collins said Tuesday she currently believes the U.S. Federal Reserve may need to raise interest rates further before the end of this year to ensure inflation returns to its 2% target in a timely and sustained manner. However, she emphasized that any further policy tightening and the timing of such actions will depend heavily on upcoming economic data and how these data shape her assessment of the economic outlook and balance of risks. Collins warned that ar

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