Fed's Collins says the Federal Reserve will factor in 'unrest in the Middle East'

Federal Reserve Bank of Boston President Susan Collins spoke earlier.

• Fed's Collins says FOMC is at or near the peak of the rate hike cycle

In a nutshell said that while the odds of the economy escaping a recession have grown, it’s possible the central bank is not done with interest rate hikes aimed at bringing inflation back to its target.

More now:

• Federal Reserve will factor in 'unrest in the Middle East'
• Economy has yet to feel the full impact of FOMC rate hike cycle
• Sees no reason to change the Fed's inflation target