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
Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really WatchIntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
IntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.
The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
Over the weekend, the U.S. and Iran engaged in a new round of maneuvering over the situation in the Middle East, leading to a rapid escalation in geopolitical risks. As a result, internat
Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.
Related Instrument
