Fed’s Daly: Two rate cuts this year seems “reasonable”

Source Fxstreet

San Francisco Fed President Mary Daly maintains that two rate cuts this year remain a reasonable projection, but with robust economic indicators, policymakers can hold off on reducing rates until they evaluate how businesses adapt to tariff costs.

Key Quotes

Two rate cuts still a reasonable projection for 2025.

Need wait-and-see posture on monetary policy, give industries time to adjust to tariffs.

Growth and labor market remain solid.

Making sure we are on sustainable path to 2% inflation is top of mind.

Policy is in a good place, have to be patient to ensure inflation comes down.

She has not changed her rate-path projection since last year, doesn't have enough info to make a change.

Hearing 'cautious optimism' from businesses.


Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
Sep 30, Tue
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
placeholder
Silver Price edges higher to all-time high above $52.50 as short squeeze deepensSilver price (XAG/USD) attracts some buyers to near $52.60 during the early Asian session on Tuesday.
Author  FXStreet
Yesterday 01: 08
Silver price (XAG/USD) attracts some buyers to near $52.60 during the early Asian session on Tuesday.
placeholder
Crypto market faces renewed volatility as Bitcoin tumbles below $113,000Bitcoin (BTC) price drops below $113,000 at press time on Tuesday, undermining the 4% gains from Sunday.
Author  FXStreet
Yesterday 06: 16
Bitcoin (BTC) price drops below $113,000 at press time on Tuesday, undermining the 4% gains from Sunday.
placeholder
EUR/USD remains vulnerable on risk aversion, accelerating German inflationEUR/USD steadies in the early European session on Tuesday, but remains close to multi-month lows, trading at 1.1590 at the time of writing.
Author  FXStreet
Yesterday 07: 57
EUR/USD steadies in the early European session on Tuesday, but remains close to multi-month lows, trading at 1.1590 at the time of writing.
placeholder
Powell Speech Preview: Will Fed Chair confirm two more rate cuts?With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
Author  FXStreet
22 hours ago
With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
Related Instrument
goTop
quote