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
Prioritize filling the $27,000 gap and even try higher.
As the spot ETF war intensifies, Bitcoin prices may rise, and Ethereum and Ripple may also rebound under its influence.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly highSilver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Related Instrument
