Reported 26 days ago
San Francisco Federal Reserve Bank President Mary Daly indicated that the time for interest rate cuts is approaching due to evidence of a softening U.S. job market and stable inflation. While she noted the Fed's recent decision to keep rates steady, she is open to potential adjustments in future meetings, possibly exceeding two rate cuts if the economic conditions warrant. Recent job market data shows a slowdown, which has increased her concerns about ongoing labor market weakness.
Source: YAHOO