Collins: Interest rates may need to be raised within the year, future policies depend on economic data

Boston Fed President Collins said that interest rates may need to be raised before the end of this year to curb inflation, and policy decisions depend on future economic data. Collins predicts that the US economy will continue to grow, the labor market will remain close to full employment, and inflation will gradually fall back to 2%. Collins also pointed out that the demand for AI may drive an investment boom, leading to an overheated labor market. The ongoing pressure of tariffs and energy prices also poses challenges in the context of the Iran War, and it is necessary to observe whether high inflation spreads. (Source: Jin Shi)