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Fed's Collins won't rule out a December rate cut, on Bloomberg TV

BY Reuters | ECONOMIC | 11/15/24 10:47 AM EST

By Michael S. Derby

BOSTON, Nov 15 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Friday she wants to see more data before deciding whether the central bank should cut rates again at its policy meeting next month.

Speaking on Bloomberg's television channel, Collins said when it comes to a rate cut following three quarters of a percentage points' worth of cuts at the last two meetings, "I certainly wouldn't take December off the table. But again, we're not on a preset path and so we'll have a look carefully at the data and see what make sense when we get" to the next Federal Open Market Committee meeting, she said. (Reporting by Michael S. Derby)

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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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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