Fed’s Daly: Premature to think rate cuts are around the corner
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San Francisco Federal Reserve Bank President Mary Daly said on Friday that she believes the central bank has a lot of work left to do on bringing inflation back down to the Fed’s 2% target and it’s too early to think interest-rate cuts are around the corner.
The US Dollar Index (DXY) is trading lower on the day at 103.24, as of writing.
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