Fed's Collins: 2025 rate cuts smaller than previously expected

Boston Fed President Collins said she favors a smaller rate cut in 2025 than expected a few months ago, given strong employment data and lingering inflation. Collins stressed the need for patience, saying her outlook on interest rates is in line with the median forecast released by officials after the Fed's last meeting, which expected two rate cuts this year, down from four in September last year. (Jinshi)