Market news
14.10.2021, 13:30

Fed's Daly: It is premature to start talking about rate increases

In an interview with CNN on Thursday, San Francisco Federal Reserve Bank President Mary Daly said they are at a point where they feel they can taper bond purchases, as reported by Reuters.

Additional takeaways

"It is premature to start talking about rate increases."

"Price increases will last as long as COVID is with us; as covid subsides, pressures will ease."

"Bottlenecks causing price rises are related to COVID."

"If Fed pulls back on accommodation, I bet won't solve the supply-chain problem."

"Near-term inflation outlook won't be affected by decisions on infrastructure spending."

Market reaction

The greenback remains on the back foot following these comments and the US Dollar Index was last seen posting small daily losses at 93.92.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location