Fed's Collins expects more rate cuts amid confidence inflation is easing [Yahoo! Finance Canada]
Albertsons Companies, Inc. Class A (ACI)
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Source: Yahoo! Finance Canada
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate cuts. "Further adjustments of policy will likely be needed," Collins said in the text of a speech to be delivered before a conference at her bank. Noting that Fed officials predicted half a percentage point's worth of cuts by year-end at their policy meeting in September, she said "I will stress that policy is not on a pre-set path and will remain carefully data dependent, adjusting as the economy evolves." Collins weighed in on monetary policy following Friday's very strong September hiring data that challenged the notion of how many rate cuts the Fed might be able to deliver. The Fed lowered its overnight target rate range by 50 basis points last month, to between 4.75% and 5%, as officials took their foot off the brake as inflation has been ea
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ACI
Earnings
- 10/15/24 - Beat
ACI
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- ACI's page on the SEC website