Boston Fed President Susan Collins says a December rate cut isn’t a ‘done deal’
By Nick Timiraos
Updated Nov. 15, 2024 5:13 pm ET
Boston Fed President Susan Collins. Photo: Andrew Harrer/Bloomberg News
Stocks fell Friday, following a solid retail-sales report that could bolster the case that the economy is strong and may not need support in the form of lower borrowing costs.
Separately, a Federal Reserve official said it was too soon to say whether the central bank should cut interest rates at its meeting next month.
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