- Analytics
- News and Tools
- Market News
- Fed's Daly: Inflation is not the only risk, but recent inflation readings are more encouraging
Fed's Daly: Inflation is not the only risk, but recent inflation readings are more encouraging
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted on Monday that despite recent relief in inflation figures, the Fed will have no choice but to keep policy rates pinned higher for longer if price growth doesn't continue cooling to the Fed's 2% target range.
Key highlights
Inflation is not the only risk.
We have made a lot of progress on inflation, there is still work to do.
The bumpiness of inflation data so far this year has not inspired confidence.
We must fully restore price stability without a painful disruption to the economy.
If inflation falls rapidly or the labor market softens more than expected, lowering the policy rate would be necessary.
If inflation falls more slowly than expected, the policy rate must stay higher for longer.
We are nearer to a point where benign outcome on labor market could be less likely.
At this point, we have a good labor market, not a frothy one.
Restrained demand, not improved supply is likely needed to get inflation to 2% goal.
Recent inflation readings are more encouraging, but it's hard to know if we're on track to sustainable price stability.
© 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
