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
On the afternoon of March 9, Beijing time, following a surge in international crude oil prices triggered by escalating geopolitical conflicts in the Middle East, the Group of Seven (G7) u
Gold slumps to near $5,050 on oil-driven inflation fears, stronger US DollarGold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.
Gold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.
On the Eve of Nonfarm Payrolls, How Will Employment Data Affect Stock Market Trends and Rate Cut Expectations?TradingKey - The U.S. Bureau of Labor Statistics will release the February non-farm payroll (NFP) data at 8:30 AM ET on March 6. This release comes as the market is oscillating between Middle East geo
TradingKey - The U.S. Bureau of Labor Statistics will release the February non-farm payroll (NFP) data at 8:30 AM ET on March 6. This release comes as the market is oscillating between Middle East geo
Gold price (XAU/USD) tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar (USD). The US employment report for February will take center stage later on Friday.
Recently, after meeting with the CEO of Coinbase, Donald Trump pressured Congress to push for the CLARITY Act. Driven by this news, Bitcoin (BTC) prices once surged past $73,000, successf
Related Instrument
