Fed's Collins says latest US inflation readings are 'mixed'

Boston Fed President Susan Collins called July's inflation "mixed" — headline inflation was higher than expected but much of the rise came from specific items (like portfolio management fees tied to stock gains) rather than broad price pressures.
She still expects gradual disinflation under the current, slightly restrictive policy and isn’t pushing for immediate rate hikes — though she’s prepared to raise rates if inflation doesn’t ease.
Bond yields have risen but, Collins said, don’t yet show higher inflation expectations; the Fed is watching data (including fading tariff effects) closely at Jackson Hole.