Fed's Daly: Further cuts in 2025 remains uncertain
|
Federal Reserve (Fed) Bank of San Franciso President Mary Daly noted on Tuesday that prospects of further rate cuts this year remain murky in the face of policy uncertainty despite an overall positive lean to US economic factors.
Key highlights
The US economy is in a good place.
GDP growth and the labor market are solid.
The world is uncertain.
No reason to be discouraged about inflation progress, but taking longer than anyone wants.
We want to be careful before we make the next adjustment that there's enough pressure on inflation. Also, I don't want to shortchange the labor market.
We need more information. I don't want to urgently get to an answer that we would regret.
We don't know the scope, magnitude, or timing of the new administration's policies.
Policy is in a very good place, we can easily move when needed.
We can't preemptively make decisions based on policy guesses.
We have a safe and sound banking system.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.