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    Fed's Daly: still plenty of work to do, but economy is in a good place

    Source Fxstreet
    Jan 19, 2024 21:48

    San Francisco Federal Reserve (Fed) President Mary C. Daly hit newswires for the second time on Friday, expanding on statements she made during an interview with Fox Business earlier in the day.

    Read more: Fed's Daly says shifts in labor market could trigger policy adjustments

    Key highlights:

    • Fed policy remains in a good place, as does the US economy.
    • Need to be patient, there's still plenty of work to do.
    • Fed doesn't want to loosen policy too soon or try to squeeze out inflation too fast.
    • 2024 will be a focus on policy calibration.
    • Easing too quickly or before 2% target is reached would be too scarring.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    Fed's Bowman: latest data suggests slower inflation progressAccording to Federal Reserve (Fed) Board of Governors member Michelle Bowman, slower-than-expected progress on inflation has left the Fed policymaker cautious about monetary policy stance.
    Source  Fxstreet
    According to Federal Reserve (Fed) Board of Governors member Michelle Bowman, slower-than-expected progress on inflation has left the Fed policymaker cautious about monetary policy stance.
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    Australia CPI Preview: Forecasts from six major banks, inflation could tick higherThe Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator for January on Wednesday, February 28 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data.
    Source  Fxstreet
    The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator for January on Wednesday, February 28 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data.
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    Citizens’ trust in the ECB still in tatters – CommerzbankHouseholds do not seem to really believe that the ECB will be able to bring inflation back to its target of 2% in the medium term, economists at Commerzbank say.
    Source  Fxstreet
    Households do not seem to really believe that the ECB will be able to bring inflation back to its target of 2% in the medium term, economists at Commerzbank say.
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