BlockBeats News, on August 16, after economic reports showed that last month's retail sales were stronger than expected and wholesale prices unexpectedly surged, 2027 FOMC voting member and San Francisco Fed President Daly hinted in an interview that she is still prepared to begin easing policy as early as next month.
Daly stated that while the labor market is softening and the economy is slowing down, it is not slow compared to inflation, which remains above the Fed's target. "There will be reasons to cut rates a few times later this year. We will wait for more data; maybe we will cut rates less, maybe more, but ultimately I think two rate cuts this year is still a good forecast. What I don't want to do is to be overly concerned that inflation might rise again or persist, to the point where we are waiting for that to clarify, without supporting the labor market." (Jinshi)