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Fed's Collins backs Sept hike, cites oil/AI for above-2% inflation

Boston Fed President Susan Collins backed the September rate hike and said the Fed's main focus is inflation, which she expects to stay above 2% due to high energy prices and AI.

Original · FXStreet AI summary of public reporting

Why: Persistent inflation outlook → rate pressure on equities

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Fed's Collins backs Sept hike, cites oil/AI for above-2% inflation | SignalHub