Fed's Daly: Confidence is growing that inflation is heading lower
Source Fxstreet
Federal Reserve (Fed) Bank of San Francisco President Mary Daly refused to give time-based guidance on the Fed's likely pace of rate cuts but acknowledged that significant progress has been on inflation.
Key highlights
Sees growing confidence in nearing 2% inflation goal.
More information needed before making rate decision.
Not going to provide time-based rate cut guidance.
Sees progress towards goals, but not yet achieved.
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