SF Fed's Daly: No Compelling Case for Rate Hike
CryptoNewsTerminal Staff20 May, 2024
SF Fed's Daly: No Compelling Case for Rate Hike
San Francisco Federal Reserve President Mary Daly has stated that she does not see a strong argument for raising interest rates at this time, as per a Reuters report. This sentiment aligns with the dovish stance adopted by several central bank officials lately. Daly's comments suggest that the Fed may hold off on raising rates until there is clearer evidence of inflation persistently exceeding the central bank's 2% target. The Fed's next policy meeting is scheduled for March 15-16, and market participants will be closely monitoring any further signals from policymakers regarding the timing of future rate increases.
