SF Fed President Mary Daly anticipates interest rate decrease due to slowing labor market.
SF Fed President Mary Daly expects interest rates to decrease in response to a slowing labor market, acknowledging that it is too early to determine if this is a sustainable pace or a sign of economic weakness. Daly emphasized the importance of maintaining the economy's momentum and preventing a labor market slowdown from tipping into a downturn. She did not specify when or by how much the interest rate cuts would occur but indicated that the extent and timing would depend on incoming data.
August 05, 2024
9 Articles