The President of the Federal Reserve Bank of San Francisco, Mary Daly, mentioned on Tuesday that the duration must be evaluated to keep rates at their current level. She added that inflation is gradually declining, although the process is erratic and gradual. Daly noted that while there is no immediate need to change rates, maintaining the status quo is the appropriate policy at this time. She also stated that progress is being made, but that there is a notable disparity between supply and demand in the housing market. The economy is showing signs of improvement, and although there is a path toward interest rates beginning to adjust this year, we are not there yet.
Extra appointments
“There is a 'real risk' of cutting rates too soon.”
“If we block inflation at this level, it will be a 'toxic tax.'”
“We want to completely return inflation to 2%.”
“3 rate cuts this year is a 'reasonable' basis.”
“The projection of 3 rate cuts is not a promise.”
Market reaction
The Dollar appears unfazed by today's Federal Reserve meeting and continues to trade defensively around the 104.80 area.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
