Fed’s Daly: Not prepared to say what hike Fed should do at Dec. FOMC
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Further to earlier comments, San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December Federal Open Market Committee.
Not taking anything off the table for Dec.
At some point, it will be right for Fed to slow the rate hike pace.
Can hike beyond 5% if inflation data doesn’t cool.
The US Dollar advanced against most major currencies on Monday due to fresh COVID-19 curbs in China fuelled worries over the global economic outlook and boosting the greenback, which is seen as a safe haven in times of stress:
[/s2If]
Join Our Telegram Group
