Reported about 7 hours ago
The Federal Reserve recently cut interest rates by 25 basis points, but San Francisco Fed President Mary Daly emphasized that the Fed will 'absolutely' consider raising rates again if inflation rises. Daly noted the labor market is balanced and inflation needs to decrease further, stating that the current economic adjustments are on track. She indicated that future rate cuts in 2025 will depend on inflation data, implying a cautious and flexible approach to monetary policy.
Source: YAHOO