Boston Fed's Collins: Next Phase Interest Rate Hikes Need Shift Of Focus

Next Phase Of Fed Interest Rate Hikes: Boston Fed President Susan Collins said there is still more work in terms of tightening to do to curtail inflation. She expressed optimism about lowering inflation without a significant economic slowdown. This comes at the backdrop of Fed chair Jerome Powell’s hints at slowing rate hike as soon as in the December FOMC meeting. After yet another rate hike announcement by FOMC in November meeting, Bitcoin (BTC) hardly showed any deviance.