According to a report by Jin Shi Data, San Francisco Fed President Daly stated that there may be two interest rate cuts this year. She pointed out that the impact of tariffs on prices may be milder than expected, and some companies are negotiating to share the tariff costs.
Daly stated that the U.S. economy is in good shape, with economic growth and consumer spending slowing but not weakening, and inflation is moving toward the Federal Reserve's 2% target. She believes that interest rate cuts may be implemented in the fall, but there is uncertainty in the expectations.
