Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    Fed's Daly: sees three rate cuts in 2024

    Source Fxstreet
    Feb 16, 2024 18:45

    San Franciso Federal Reserve (Fed) President Mary C. Daly hit newswires on Friday, speaking at the Annual National Association for Business Economics Economic Policy Conference in Washington, DC.

    Key highlights

    • Three rate cuts is a reasonable baseline for 2024.
    • It's premature to think about just letting the economy run.
    • The challenge in front of the Fed right now is that the labor market tends to be good until it suddenly isn't, Fed needs to look at other data.
    • US labor market is cooling, but Fed's Daly doesn't see an imminent weakening in the job market.
    • Fed policy is working, just need to see how much longer to get the job done.
    • Doesn't see disruptions from quantitative tightening, appropriate to plan.
    • Fed's Daly doesn't agree with the idea that the last leg of inflation will be the hardest.
    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    Canada headline CPI to bounce to 3% in March – TD SecuritiesAnalysts at TD Securities expect the Consumer Price Index in Canada to rise 3% in March.
    Source  Fxstreet
    Analysts at TD Securities expect the Consumer Price Index in Canada to rise 3% in March.
    placeholder
    UK Unemployment Rate climbs to 4.2% in quarter to February vs. 4.0% expectedThe United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday.
    Source  Fxstreet
    The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday.
    placeholder
    China’s CPI inflation softens to 0.1% YoY in March vs. 0.4% expectedChina’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February.
    Source  Fxstreet
    China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February.
    goTop
    quote