Fed's Daly: sees three rate cuts in 2024
Source Fxstreet
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.
Recommended Articles
The global precious metals market experienced extreme volatility at the end of 2025, with silver prices plummeting nearly 9% on December 29, marking its largest single-day decline since 2
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
Bitcoin struggles to break the $90,000 barrier, with investors preferring traditional hedges like gold and bonds.
The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) after the release of minutes from the Federal Reserve's (Fed) December meeting.
Similar to Bitcoin prices volatility, the crude oil market experienced a 'rollercoaster' performance twice in 2025, surging in January and June, respectively. However, crude oil prices ar
Related Instrument
