Reported about 16 hours ago
Mary Daly, president of the San Francisco Federal Reserve, stated that one or two additional rate cuts in 2024 could be sensible if inflation and the job market align favorably. She emphasized the Fed's commitment to achieving a soft landing for the economy while maintaining a balance between price stability and employment. Daly acknowledged that while recent inflation data has raised concerns, the labor market appears to be stabilizing, suggesting that further cuts may still be feasible.
Source: YAHOO