San Francisco Fed President Daly: Possible Two Rate Cuts This Year
According to PANews, San Francisco Fed President Daly stated that with a weak labor market and no sustained signs of tariff inflation, the timing for rate cuts is approaching. She believes that every future meeting will be an immediate meeting for policy adjustment.
Daly stated that two rate cuts of 25 basis points each within the year is an appropriate adjustment, and it is important whether cuts occur in both September and December. If inflation rebounds or the labor market improves, there may be fewer than two cuts, but it is more likely to exceed two.