- Analytics
- News and Tools
- Market News
- Fed's Daly: Fed is not done yet but PCE data is good news
Fed's Daly: Fed is not done yet but PCE data is good news
Federal Reserve (Fed) Bank of San Francisco President Mary Daly told CNBC on Friday that cooling inflation shows that the Fed's monetary policy is working, per Reuters.
Key takeaways
"Fed is not done yet but PCE data is good news."
"Getting evidence that policy is tight enough."
"It's taking longer for policy to work but it is working."
"If inflation stays sticky or comes down slowly, rates would need to be higher for longer."
"If inflation comes down or labor market falters, can adjust policy."
"Too early to tell on policy."
"Will pay attention to both sides of Fed mandate."
"Hearing from business CEOs they already feel uncertain."
"Fed is apolitical, won't talk about presidential debate."
"Monetary policy is working."
Market reaction
These comments failed to have a noticeable impact on the US Dollar's valuation. At the time of press, the US Dollar Index was down 0.05% on the day at 105.85.
© 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
