Fed's Daly says Fed still has work to do on inflation
Source Fxstreet
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late on Wednesday that despite overall progress, the Fed still has some ground to cover on its fight with inflation pressures, and cautioned that the Fed may be forced to act soon without having the full picture.
Key highlights
The Fed has more work to do to bring inflation to 2%.
We need to recalibrate monetary policy to match risks to the Fed's goals.
Labor market has softened, additional slowing would be unwelcome.
Tariffs are unlikely to boost inflation persistently in a way that monetary policy would need to offset.
Will likely need to adjust policy in the coming months.
Can't wait for perfect clarity to act.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold and Silver Reach Record Highs Amid Tensions and Weakening DollarGold and silver prices soared to unprecedented levels on Friday as investors flocked to safe-haven assets in response to escalating geopolitical tensions and a declining U.S. dollar, with forecasts predicting continued strength into the new year.
Gold and silver prices soared to unprecedented levels on Friday as investors flocked to safe-haven assets in response to escalating geopolitical tensions and a declining U.S. dollar, with forecasts predicting continued strength into the new year.
XRP ETF Assets Top $1.25 Billion as Price Stalls in Key Trading RangeXRP exchange-traded funds (ETFs) have reached a significant milestone, with total net assets surpassing $1.25 billion, even as the token’s price remains confined to a narrow range—highlighting a growing divergence between steady institutional accumulation and muted spot market momentum.
XRP exchange-traded funds (ETFs) have reached a significant milestone, with total net assets surpassing $1.25 billion, even as the token’s price remains confined to a narrow range—highlighting a growing divergence between steady institutional accumulation and muted spot market momentum.
NVIDIA has announced its plan to acquire Groq, an AI chip designer, for $20 billion. This strategic move aims to enhance NVIDIA's position in the evolving AI hardware market.
Bitcoin Faces Worst Fourth Quarter Since 2018 as Market Fatigue PersistsBitcoin's recent push back toward the $90,000 mark has provided the cryptocurrency market with a short-term lift, but few analysts view the move as a meaningful turning point following one of the weakest second halves in recent years.
Bitcoin's recent push back toward the $90,000 mark has provided the cryptocurrency market with a short-term lift, but few analysts view the move as a meaningful turning point following one of the weakest second halves in recent years.
Gold surged to an all-time high as safe-haven demand increased due to escalating tensions between the U.S. and Venezuela, with significant gains seen in other precious metals like silver and platinum.
