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Fed's Daly: Two Interest Rate Cuts This Year Still Appropriate Adjustment Level, No Sign of Prolonged Tariff Impact on Inflation
BlockBeats News, August 5th, Federal Reserve's Daly stated that two rate cuts this year remain an appropriate adjustment. She was satisfied with the Fed's July decision but less satisfied with making the same decision again.
There is still much uncertainty about whether a rate cut will happen in September. "Regarding the July decision, I would be willing to wait another cycle, but we can't wait forever. The labor market is not significantly weak, but it is softening, and further softening would be unwelcome."
No signs have been seen of tariffs having a sustained impact on inflation. (FXStreet)
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