Fed's Daly: Two rate cuts this year are still an appropriate adjustment, and there are no signs of tariffs having a lasting impact on inflation.

On August 5, Fed's Daly stated that two rate cuts this year remain an appropriate adjustment. He is satisfied with the Fed's decision in July but not very pleased with making the same decision again. There is still a lot of uncertainty about whether to cut rates in September. "Regarding the July decision, I am willing to wait another cycle, but I can't wait forever. The labor market has not shown obvious signs of weakening, but it is softening, and further softening will be unwelcome." No signs have been seen that tariffs have a lasting impact on inflation. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)