Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

Fed’s Daly signals one or two more rate cuts likely this year to avoid overtightening

World +5 min read
Share

San Francisco Federal Reserve President Mary Daly on Wednesday indicated that the U.S. central bank is likely to cut interest rates again this year, possibly one or two more times, as policymakers work to keep the economy on a stable footing. Daly’s comments follow the Fed’s recent half-percentage point rate cut in September, which she “fully supported,” citing the need to prevent overtightening and protect the labor market.

Daly emphasized that with inflation nearing the Fed’s 2% target and the economy at full employment, the central bank must be cautious not to derail the progress made so far. “I was more worried about injuring the labor market than accelerating inflation,” Daly said, explaining the rationale behind her support for the recent rate cut. According to Daly, the decision to lower rates was a “recalibration” to ensure real interest rates were aligned with economic conditions. She stressed that the rate cut was not an indicator of a shift toward more aggressive cuts but rather an adjustment to avoid stifling growth.

“We were seeing rising real rates with the policy rate steady, and that was a recipe for overtightening,” Daly said. The focus now, she added, is to avoid further damage to the labor market while continuing to address inflation concerns.

Looking ahead, Daly said the likelihood of one or two more rate cuts this year will depend on how economic data evolves. “We will watch the data, monitor the labor market and inflation, and make adjustments as necessary,” she explained. While the Fed is moving closer to its inflation target, Daly cautioned that no “victory” has been declared yet. She reiterated the need for careful consideration of labor market conditions as the Fed navigates its path forward, aiming to avoid any further slowing in job growth.

Daly downplayed concerns about balance sheet expansion contributing significantly to inflation, suggesting that the Fed’s balance sheet is coming down to more normalized levels without having a major impact on price pressures. As the central bank continues to walk a fine line between maintaining price stability and safeguarding the labor market, Daly’s remarks underscore the Fed’s flexible, data-driven approach to policy as it heads toward the close of the year.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

Frequently Asked Questions

What is Algo Trading?

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

What is Zen Trade?

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Is Zen Trade legit?

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

View more articles by

More About Stock

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Best Stock Brokers Review

Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem Lorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit aLorem ipsum doloLorem ipsum dolor sit amet, consectetur aLorem ipsum dolor sit amet, consectetur Lorem ipsum dolor sit

Latest Articles

PBOC sets USDCNY reference rate at 7.1786 vs. 7
EURUSD remains tepid near 1
ECB's Holzmann December rate cut possible
Fed's Kashkari Economy strong, but inflation not vanquished
GBPUSD struggles for firm near-term direction, remains confined in a range around 1
Gold Price Forecast XAUUSD drifts lower below $2,700 on firmer US Dollar
Top Stories
PBOC sets USDCNY reference rate at 7.1786 vs. 7
EURUSD remains tepid near 1
ECB's Holzmann December rate cut possible
Fed's Kashkari Economy strong, but inflation not vanquished
GBPUSD struggles for firm near-term direction, remains confined in a range around 1