Boston Fed's Susan Collins says economy may need to weaken to get 2% inflation

Fed's Collins says economy may need to weaken to get 2% inflation

Snippet of Article: "Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the U.S. economy needs to cool off ...“A slowdown in activity will be needed to ensure that demand is better aligned with supply for inflation to return durably...Then, officials maintained their overnight target rate range at between 5.25% and 5.5%... Collins also said that employers are likely able to absorb higher wage demands"

Source: finance.yahoo.com

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U.S. economists warns Americans to 'hunker down' and 'save your pennies'

Snippet of Article: "...One global economist warned, U.S. consumers will soon have to "hunker down" in preparation for an even more "painful" economy. "Indeed save your pennies because unfortunately, the economic outlook is going to get worse before it gets better," Piper Sandler chief global economist Nancy Lazar told Fox News Digital. "So being conservative, careful with your credit cards… It is a time to hunker down and to try to maintain your savings rather [than] get further into debt."..."

Source: www.foxbusiness.com