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
Goldman Sachs Raises Oil Price Forecasts and Warns Oil May Break All-Time Highs if Strait of Hormuz Disruption PersistsTradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
TradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
The SEC and the CFTC entered into a memorandum of understanding to work together on a regulatory framework.
Gold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area.
Breaking: WTI rises above $92.50 amid supply disruption fears, geopolitical turmoilWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.65 during the early Asian trading hours on Thursday. The WTI price climbs over 6.5% on the day as fresh attacks on ships in the Strait of Hormuz worsen supply disruption fears.
The US-Israel-Iran conflict enters its second week as new developments emerge in the situation.On March 9 local time, U.S. President Trump sent a clear signal during a press conference, s
Related Instrument
