Fed's Daly: Confidence is growing that inflation is heading lower

Joshua Gibson FXStreet

Federal Reserve (Fed) Bank of San Francisco President Mary Daly refused to give time-based guidance on the Fed's likely pace of rate cuts but acknowledged that significant progress has been on inflation.

Key highlights

Sees growing confidence in nearing 2% inflation goal.

More information needed before making rate decision.

Not going to provide time-based rate cut guidance.

Sees progress towards goals, but not yet achieved.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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