Federal Reserve Bank of Boston President Susan Collins advocates for further interest rate cuts this year to support the labor market while keeping inflation in check. Investors predict another rate cut at the end of the month, following a quarter-point reduction in September. Collins believes additional easing is needed to stabilize the labor market amidst uncertainties. Fed Chair Jerome Powell also highlights weakness in the labor market. The Fed’s next policy meeting is scheduled for Oct. 28-29 in Washington.

Read more at Yahoo Finance: Fed’s Collins Says It’s Prudent to Ease a Bit More in 2025