- Analytics
- News and Tools
- Market News
- Fed's Daly: More confident inflation is on the path to 2%
Fed's Daly: More confident inflation is on the path to 2%
Federal Reserve Bank of San Francisco President Mary Daly said on Monday that she is more confident US inflation is on course to the Fed's 2% target, per Reuters.
Key quotes
Risks to Fed's mandates are getting in more balance.
Minds are open to cutting rates in coming meetings.
Concern is that we will deteriorate from current place of balance in jobs report; we don't see that right now.
July jobs report reflected a lot of temporary layoffs, hurricane effect.
Will be watching carefully to see if next job market report reflects same dynamic, or reverses.
Underneath july jobs report is some reason for confidence we are slowing but not falling off cliff.
Fed will do what it takes to ensure we achieve both goal.
If react to one data point, we would almost always be wrong.
A 'steady in the boat' approach works well.
Policy needs to be pro-active.
We hear the economy is down shifting.
People are getting inflation relief, but still above 2% target.
Not seeing a move to widespread layoffs yet, that would be an early warning sign.
none of the labour market indicators she looks at are flashing red at present, but she is monitoring carefully.
Fed is prepared to act as we get more information.
It's clear inflation is coming down, labor market is slowing.
I am more confident we are on a sustainable path to 2%.
Communication itself is a policy adjustment.
Market reaction
The US Dollar Index (DXY) is trading 0.06% higher on the day at 102.80, as of writing.
© 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
