The latest U.S. inflation report was "mixed," with the headline rate stronger than expected but driven higher by a patchwork of forces that on their own shouldn't push the U.S. central bank towards raising interest rates, Boston Federal Reserve President Susan Collins said on Thursday.
She cited the rise in portfolio management fees, driven by stock values as opposed to supply and demand conditions, as one example that left her still with an outlook in which inflation is likely to fall on its own. Collins, however, noted that she is ready to raise rates if it does not.
