Fed’s Daly: Don’t feel as confident we can get ahead of it
Federal Reserve (Fed) governor and President of the Federal Reserve Bank of San Francisco spoke at an interview for the Wall Street Journal on Monday and said that she still thinks the Fed can bring inflation back to its 2% target.
Key takeaways
On the US labor market, i don’t feel as confident we can get ahead of it.
Inflation breakout is a lower risk given how tariff-driven cost increases have been more muted than anticipated earlier this year.
Still thinks the Fed can bring inflation back to its 2% target without an increase in unemployment.
Sees greater risks that the “low-hiring, low-firing” equilibrium ultimately would break in a negative direction.
Said the Fed shouldn’t hold off on cutting rates now out of fear it may need to reverse course later."
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.03% | 0.30% | 0.11% | -0.12% | 0.01% | 0.04% | |
| EUR | 0.06% | 0.04% | 0.34% | 0.17% | -0.06% | 0.08% | 0.11% | |
| GBP | 0.03% | -0.04% | 0.33% | 0.13% | -0.10% | 0.03% | 0.07% | |
| JPY | -0.30% | -0.34% | -0.33% | -0.17% | -0.41% | -0.25% | -0.23% | |
| CAD | -0.11% | -0.17% | -0.13% | 0.17% | -0.23% | -0.08% | -0.06% | |
| AUD | 0.12% | 0.06% | 0.10% | 0.41% | 0.23% | 0.13% | 0.17% | |
| NZD | -0.01% | -0.08% | -0.03% | 0.25% | 0.08% | -0.13% | 0.04% | |
| CHF | -0.04% | -0.11% | -0.07% | 0.23% | 0.06% | -0.17% | -0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Agustin Wazne
FXStreet
Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.
