{
  "id": 3293818,
  "title": "US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says",
  "url": "https://urgent.news/2026/08/25/us-rates-need-to-rise-soon-absent-evidence-of-ongoing-drop-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T15:06:21.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/us-rates-rise-soon-absent-150621599.html"
  },
  "original_language": "en",
  "account": "Federal Reserve President Susan Collins stated that the U.S. central bank will need to raise interest rates soon unless upcoming data reveals a continued decline in inflation, which has become a widespread concern for businesses and households. Collins, speaking on Tuesday, said that under her base case outlook, the Federal Open Market Committee's current policy rate will continue to help with price reductions and a gradual disinflation process, supported by rising longer-term bond yields and other factors. However, if there is no evidence of sustained inflation progress, Collins believes it would be appropriate to tighten monetary policy quickly to ensure price stability within a reasonable timeframe.\n\nCollins noted that concerns about high prices are prevalent in her discussions with stakeholders across New England. Economists polled by Reuters anticipate that new inflation data on Wednesday will show that the Personal Consumption Expenditures price index, excluding food and energy, rose by 3.3% annually in July, unchanged from the previous month and well above the Fed's 2% target. Core PCE, a guide to future headline inflation, has steadily increased since last year due to factors such as the Trump administration's import tariffs, higher oil prices from the Iran war, and recent investments in artificial intelligence.\n\nThe Fed's policy rate has been on hold since December as officials await inflation to ease. While Collins still believes this outcome may occur, she also expressed concern that further delays in achieving the inflation goal could shift consumer expectations, making the inflation objective more challenging to attain. Fed Chairman Kevin Warsh is set to deliver a keynote address at the central bank's annual research symposium in Jackson Hole, Wyoming, amid divisions within the Fed regarding the necessity for rate hikes and rising U.S. Treasury yields.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Boston Fed's Collins sees more proof of disinflation to keep rates unchanged",
        "url": "https://urgent.news/2026/08/25/boston-feds-collins-sees-more-proof-of-disinflation-to-keep-rates",
        "published": "2026-08-25T14:52:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}