Fed's Collins: I wouldn't take additional hiking off the table

<ul><li>We are seeing some moderation in inflation, we've had 'promising news'</li><li>Data is noisy, progress is uneven</li><li>I won't overreact to promising news, we're positioned to be patient</li><li>Three-month core is still at 3.4%</li><li>I don't see additional hikes off the table, we really need to stay the course</li><li>The work we've done is working its way through the economy</li><li>It's important for us to be patient</li><li>Goods inflation is back to pre-pandemic levels</li><li>Rents in particular have been uneven</li><li>I look overall on financial conditions and there's some restrictiveness on bank lending</li><li>I'm seeing positive signs that labor supply and demand are more aligned</li></ul><p>Fed officials aren't pushing back too hard on dovish market pricing, that's the signal.</p>

This article was written by Adam Button at www.forexlive.com.