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Boston Fed president says December rate cut not a 'done deal', WSJ reports

BY Reuters | ECONOMIC | 11/15/24 05:53 AM EST

(Reuters) - Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".

"There's more data that we will see between now and December, and we'll have to continue to weigh what makes sense," Collins was quoted as saying in remarks made on Thursday.

"I don't see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time."

(Reporting by Pretish M J in Bengaluru, Editing by Timothy Heritage)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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