Fed's Daly: Not prepared to say what hike Fed should do at Dec. FOMC


Share:

Further to earlier comments, San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December Federal Open Market Committee.

Further comments

Not taking anything off the table for Dec.
At some point, it will be right for Fed to slow the rate hike pace.
Can hike beyond 5% if inflation data doesn’t cool.

US Dollar update

The US Dollar advanced against most major currencies on Monday due to fresh COVID-19 curbs in China fuelled worries over the global economic outlook and boosting the greenback, which is seen as a safe haven in times of stress:

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD falls toward 1.0800 as USD gathers strength

EUR/USD falls toward 1.0800 as USD gathers strength

EUR/USD came under renewed bearish pressure and declined toward 1.0800 in the American session on Monday. The bearish opening in Wall Street confirmed risk-averse conditions and provided a boost to the USD, causing the pair to stretch lower.

EUR/USD News

Gold to remain volatile, with risks of extending pullbacks Premium

Gold to remain volatile, with risks of extending pullbacks

Gold price staged a deep correction from the record top it set near $2,150 and declined below $2,050. Recovering US Treasury bond yields and risk aversion help the USD find demand and make it difficult for XAU/USD to shake off the selling pressure.

Gold News

GBP/USD closes in on 1.2600 as mood sours

GBP/USD closes in on 1.2600 as mood sours

GBP/USD stays on the back foot and trades near 1.2600 in the American session. The US Dollar continues to find demand as a safe haven and weighs on the pair while major equity indexes in the US push lower after the opening bell.

GBP/USD News

Bitcoin price could revisit $45,000 according to crypto analyst

Bitcoin price could revisit $45,000 according to crypto analyst

Bitcoin price crossed the $41,000 mark on Binance, in its ongoing uptrend. BTC price rally is likely driven by the anticipation of Spot Bitcoin ETF approval. There are more catalysts driving BTC price gains in the current cycle.

Read more

The week ahead – US Nonfarm Payrolls, RBA and BoC in spotlight

The week ahead – US Nonfarm Payrolls, RBA and BoC in spotlight

Last month’s October jobs report was the first one this year when the headline number came in below market expectations, though not by enough to raise concerns over the resilience of the US economy. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures