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Fed's Daly hints at possible two rate cuts this year
Summary: According to sources, San Francisco Fed President Daly indicated in an interview that, considering last month's stronger-than-expected retail sales and unexpected surge in wholesale prices, she is still prepared to begin easing policy as early as next month. Daly pointed out that despite softening job market and economic slowdown, compared to inflation above the Fed's ...
According to sources, San Francisco Fed President Daly indicated in an interview that, considering last month's stronger-than-expected retail sales and unexpected surge in wholesale prices, she is still prepared to begin easing policy as early as next month. Daly pointed out that despite softening job market and economic slowdown, compared to inflation above the Fed's target, 'two rate cuts this year is still a good prediction'.
