- Analytics
- News and Tools
- Market News
- Fed's Daly: Economy is in a really good place
Fed's Daly: Economy is in a really good place
Federal Reserve (Fed) Bank of San Francisco President Mary Daly struck familiar chords on Tuesday, reiterating the stable outlook speechnotes that have become the bread and butter of Fed policymakers as of late.
Key highlights
The US economy is in a really good place.
December rate cut is absolutely not off the table.
The timing of rate cut is up for debate, but need to keep moving policy rate down.
The labor market is completely in balance, not a source of inflation.
We knew inflation would be a bumpy ride, it is moving down gradually, but more work to do.
Even if we do another rate cut, policy will remain restrictive.
Trade issues don't usually derail growth, economy adjusts.
The neutral rate is closer to 3%.
I don't see any reason for a rate hike; trajectory of change is down.
© 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
