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.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The USD/JPY pair attracts some buyers during the Asian session on Monday and climbs back above the 153.00 mark following the disappointing release of Japan's Q4 GDP report.
Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.
Gold price (XAU/USD) extends its losses for the second successive session, trading around $4,930 per troy ounce during the Asian hours on Tuesday.
Gold (XAU/USD) attracts some follow-through selling for the second straight day and slides to the $4,922 area during the Asian session on Tuesday amid thin liquidity on the back of the Lunar New Year holidays in China.
