Fed's Daley: It's too early to declare victory over inflation or think an interest rate cut is imminent
On January 20th, the President of the Federal Reserve Bank of San Francisco, Daly, stated that it is premature to declare victory over inflation and we have not yet lowered inflation to 2%. He also believes that it is too early to consider cutting interest rates.
Before Daly made this statement, US short-term interest rate futures traders had changed their bets and believed that the Federal Reserve would not begin cutting interest rates before the May meeting. According to CME's "Federal Reserve Watch" data, the likelihood of a rate cut by the Federal Reserve in March has dropped to below 50%. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ETFs Record Significant Inflows Amid Institutional Interest
Strategy and Metaplanet Acquire 15,000 BTC Amid Market Rally
Cardano Explores Privacy-Focused Stablecoin Initiative
Pi Network Price Surge Amid Market Uncertainty
Trending news
MoreCrypto prices
More








