Fed’s Daly Urges ‘Open Mind’ in Discussion of Further Rate Cuts

Fed's Daly Highlights Job Growth Slowdown Due to Demand

The post Fed’s Daly Highlights Job Growth Slowdown Due to Demand appeared on BitcoinEthereumNews.com. Key Points: Fed President Daly suggests job growth slowdown is due to decreased demand. Debate on interest rate cuts for December intensifies. Market reactions mixed, with few supporting data to confirm impact. San Francisco Fed President Mary Daly indicated that the slowdown in U.S. job growth may stem from reduced worker demand rather than imm…

Fed’s Daly Urges ‘Open Mind’ in Discussion of Further Rate Cuts

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Fed’s Daly: Policy must avoid trading one mistake for another

San Francisco Fed President Mary Daly said the FOMC has appropriately reduced policy rates by a total of 50bps this year as part of a “prudent risk management approach”, noting that the adjustments provide “needed insurance” for the labor market while keeping policy “modestly restrictive” to further curb inflation. In an essay published today, Daly […] The post Fed’s Daly: Policy must avoid trading one mistake for another appeared first on Actio…

Fed's Daly: Need to keep an open mind about further rate cuts

Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Monday that Fed policymakers need to keep an open mind about further rates cuts, per Reuters.