Federal Reserve Bank of San Francisco President Mary Daly has indicated that three interest-rate cuts in 2024 is a reasonable baseline forecast. Daly's statement suggests a cautious approach to monetary policy, emphasizing that while the cuts are anticipated, there is currently no urgency to make these adjustments. This stance is consistent across multiple statements, highlighting a potential shift in the Federal Reserve's approach to managing inflation and economic growth. Daly also mentioned that if inflation falls more rapidly than expected, it might warrant additional rate cuts beyond the forecasted three.
Federal Reserve Bank of San Francisco President Mary Daly said three interest-rate cuts is still a reasonable expectation for 2024, though there’s no urgency to make adjustments at the moment. https://t.co/F9zddtS4c9
Federal Reserve Bank of San Francisco President Mary Daly said three interest-rate cuts is still a reasonable expectation for 2024, though there’s no urgency to make adjustments at the moment https://t.co/Scw6zSfGqk https://t.co/0mgQv7c57n
Fed's Daly: 3 rate cuts this year is a reasonable baseline.
Federal Reserve Bank of San Francisco President Mary Daly said three interest-rate cuts is still a reasonable expectation for 2024, though there’s no urgency to make adjustments at the moment. https://t.co/B7zg1jQHJE
FED'S DALY: 3 RATE CUTS THIS YEAR IS 'REASONABLE' BASELINE
🚨 Fed DALY SAYS THREE RATE CUTS IN 2024 IS 'REASONABLE BASELINE' FORECAST IF INFLATION FALLS MORE RAPIDLY, MAY WARRANT MORE CUTS
🇺🇸 FED'S DALY: 3 RATE CUTS IN 2024 IS A REASONABLE BASELINE
🔴 FED'S DALY: 3 RATE CUTS THIS YEAR IS A REASONABLE BASELINE.
DALY SAYS THREE RATE CUTS IN 2024 IS 'REASONABLE BASELINE' FORECAST