- Analytics
- News and Tools
- Market News
- Fed's Daly: Additional rate hikes are the right thing to do
Fed's Daly: Additional rate hikes are the right thing to do
"Additional rate hikes are the right thing to do but how high we will go depends on data," San Francisco Fed President Mary Daly said on Friday, as reported by Reuters.
Additional takeaways
"Our number one priority is to get inflation down."
"We are starting to see the benefits of rate increases with housing market cooling."
"We need to see a lot more relief on inflation."
"Rate increases we have taken and project will bring inflation down."
"The economy is not teetering on recession; it needs to slow."
"The economy is moving from frenetic to something more sustainable."
Market reaction
The greenback preserves its strength after these comments and the US Dollar Index was last seen rising 0.8% on the day at 112.65.
© 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.
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.
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
