Fed’s Daly: Economy is not there yet on inflation
Source Fxstreet
Federal Reserve Bank of San Francisco President Mary Daly participated in a 'fireside chat' at a conference early Friday, noting that she is looking for more confidence that inflation is moving back to the Fed's 2% target before calling for an interest rate cut.
Key quotes
Recent data has been really good.
Economy is not there yet on inflation.
Labor market is coming back into balance.
Risks on both side for monetary policy choices.
Fed remains data dependant for monetary policy.
Preemptive or urgent policy actions risk making mistakes.
We are not at price stability yet.
Market reaction
These prudent comments from the Fed policymaker seem to have little to no impact on the US Dollar, as the US Dollar Index ekes out weekly gains following a sharp rebound on Thursday.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Nvidia Q1 Revenue Surges 85%, Data Center Business Accounts for 90%, Blowout Results Fail to Stop Stock VolatilityAs the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
As the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Tensions between the US and Iran showed clear signs of easing on Wednesday (May 20), leading to a plunge in the crude oil market while gold ( XAUUSD) continued its rally.WTI crude oil dai
Gold price (XAU/USD) trades on a flat note around $4,540 during the early Asian session on Thursday. Traders continue to assess the developments surrounding stalled US-Iran peace negotiations and threats to the Strait of Hormuz.
On May 20, ET, NVIDIA ( NVDA )'s first-quarter fiscal 2026 earnings report, to be released after the market close, has become the market focus. The options market has already reacted; bas
On Tuesday (May 19), gold ( XAUUSD) closed at $4,481.89. The price confirmed a break below $4,500, further opening up the downside. On Wednesday, gold extended its downward trend from the
Related Instrument
