Fed's Daly: Cutting Interest Rates Twice This Year Is Appropriate
BlockBeats News, August 16th. In an economic report showing stronger-than-expected retail sales last month and an unexpected surge in wholesale prices, 2027 FOMC voter and San Francisco Fed President Daly hinted during an interview that she is still prepared to begin easing policy as early as next month.
Daly stated that the labor market is softening, the economy is slowing down but not to a crawl, and with inflation still above the Fed's target, "there would be reasons to cut rates a couple of times this year. We'll wait for more data, maybe cut less, maybe cut more, but ultimately I think two cuts this year is still a good forecast. What I don't want to do is get overly worried that inflation could run up again or persist to the point where we aren't supporting the labor market while we wait for that to clarify." (FXStreet)
You may also like

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?
