Fed's Daly suggests one or two interest rate cuts due to recent cooler inflation readings.
Fed's Daly suggests one or two interest rate cuts could be appropriate, as she sees policy adjustments likely needed due to recent cooler inflation readings. San Francisco Federal Reserve Bank President Mary Daly expects further easing in both price pressures and the labor market. The Fed has kept its policy rate in the 5.25-5.5% range since July last year, attempting to cool inflation that peaked at 9.1% a year earlier.
July 11, 2024
4 Articles