Fed’s Daly says she sees a policy adjustment over the coming term

Federal Reserve Bank of San Francisco President Mary Daly:

  • Confidence is growing that we are getting nearer to a sustainable pace of getting inflation to 2%
  • I see a policy adjustment over the coming term
  • Some normalisation of policy is a likely outcome
  • US economy is slowing
  • Inflation is lower but we are not there yet
  • We are nearer the time of achieving our goals

September has firmed as a likely Federal Reserve rate cut. I posted my tin hat/cynical political view on this here. 😉

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This article was written by Eamonn Sheridan at www.forexlive.com. Source