With inflation progress slow, Fed's Daly says rate cuts may need to wait

With inflation progress slow, Fed’s Daly says rate cuts may need to wait

With inflation progress slow, Fed’s Daly says rate cuts may need to wait

With Inflation Progress Slow, Fed's Daly Says Rate Cuts May Need to Wait

With inflation progress slow, Fed's Daly says rate cuts may need to wait

San Francisco Federal Reserve President Mary Daly said on Friday that while she is still comfortable with a couple of interest rate cuts this year, rising risks of inflation mean the central bank may need to do less, especially given that uncertainty over President Donald Trump's trade policy has so far done little to disrupt still-solid U.S. economic growth.

Fed’s Daly Says Rates on Hold But Cuts Still Possible This Year

Federal Reserve Bank of San Francisco President Mary Daly said the US central bank may hold interest rates longer than anticipated due to inflation risks, but could yet cut later this year.

The president of the San Francisco Federal Reserve (Fed), Mary Daly, said this Friday (18) that there is room to reduce interest rates in the United States this year, but that the process must take place at a gradual pace to balance the control of inflation and the achievement of the “right neutral level”. For Daly, this level is somewhere between 1% and 2%, probably closer to the lowest level in this range. The director stated that American ret…

Are Interest Rate Cuts by Federal Reserve Coming Soon?

Interest rate cuts are likely on the horizon for 2025. The Federal Reserve has already started easing monetary policy in 2024 and is expected to continue down this path in 2025 to further bring the federal funds rate down to a range of 3.75%-4.00% by year-end. It's like this: the economy has been walking a tightrope for a while now. The Fed has been carefully adjusting the balance, trying to keep inflation under control without causing a stumble…