Fed's Collins: Inflation expectations are reasonably well anchored

• Recent data has increased the top range or where I think rates need to get to
• Service sector inflation is still very high
• Not seeing clear and consistent evidence of softening of labor markets
• We need a holistic look at the data and that says we still have more to do
• Interest-rate sensitive sectors have responded to Fed, other areas not yet
• I do not see clear significant evidence that inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is coming down
• Service sector inflation still very week
• 75 basis points is still on the table
• There's a risk that as we raise rates, we may go too far
• I am reasonably optimistic that we can avoid recession

This is very much in line with what Powell has been saying.