- Treasury yields edged higher after inflation data showed price pressures remained well above the Federal Reserve's target.
- Boston Fed President Susan Collins supported holding rates steady for now, conditional on further progress toward the Fed's 2% inflation target.
- The inflation reading reinforces a higher-for-longer policy backdrop and keeps rate-hike expectations active.
Quotes
“supported holding interest steady for now, but conditioned that on seeing more progress in bringing inflation back toward the central bank’s 2% target.”