- Analytics
- News and Tools
- Market News
- Fed's Daly: Range of 4.75%-5.25% is reasonable for policy rate end-point
Fed's Daly: Range of 4.75%-5.25% is reasonable for policy rate end-point
In an interview with CNBC on Wednesday, San Francisco Fed President Mary Daly said the latest Consumer Price Index and Producer Price Index data were positive news, as reported by Reuters.
Additional takeaways
"Consumers are preparing for slower economy, that's a good start."
"We want to see economy slow."
"We want to get inflation down"
"Slower inflation, labor market are encouraging; need more of that."
"Pausing is not part of the discussion, now the focus is on level of rates."
"IN September, I wrote down 5% as an ending place for rates."
"I still think 5% is reasonable."
"When we hold rates, monetary policy becomes tighter as inflation comes down."
"Discussion now is how high we have to go, then will be, how long do we need to hold it."
"Global conditions are a headwind on US growth."
"A range of 4.75% - 5.25% is reasonable for policy rate end-point."
"Unemployment rate at 4.5%-5% would be reasonable."
"I'm 100% determined to slow the economy effectively, gently."
Market reaction
The US Dollar Index extends its daily recovery after these comments and was last seen losing 0.15% on the day at 106.41.
© 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
