Fed's Daly: still plenty of work to do, but economy is in a good place
Source Fxstreet
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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Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
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