Brothers, it's a good time, let's get on board

Federal Reserve's Daly: The timing for interest rate cuts is approaching, and the number of cuts this year is more likely to be greater than twice.

BlockBeats news, on August 5, San Francisco Fed President Daly stated that, in light of increasing evidence that the job market is weakening and no signs of sustained tariff inflation, the timing for interest rate cuts is nearing. Daly mentioned in discussing the Fed's decision last week, "I am willing to wait another cycle, but I cannot wait forever."

Although this does not mean that a rate cut in September is a foregone conclusion, she said: "I would tend to think that every meeting going forward is an immediate meeting to consider policy adjustments." Daly noted that two rate cuts of 25 basis points each within this year still seem to be an appropriate re-adjustment, and what is important is whether there will be rate cuts in both September and December, rather than whether rate cuts will occur.

Daly stated, "If inflation rises and spreads, or the labor market improves, then there could certainly be fewer than two rate cuts, but it is more likely that we will have to implement more than two rate cuts. If the labor market appears to be entering a weakening phase and we do not see the effects of inflation spillover, we should be prepared for more rate cuts.