Reported about 1 month ago
San Francisco Federal Reserve President Mary Daly indicated that the Fed may consider one or two additional rate cuts in 2024 if inflation remains stable and the job market is sustainable. She emphasized the Fed's commitment to achieving a soft landing—lowering inflation without triggering a recession—and remarked that appropriate interest rate adjustments are crucial to support economic goals. Daly also noted that recent inflation readings and a strong jobs report have led some to question the pace and continuation of rate cuts, but she believes the labor market is stabilizing.
Source: YAHOO