Fed's Daly: Case for a 50 bps rate hike in May is now “complete”, can also make announcement on balance sheet By Frank_Macro Fed InterestRate Inflation
San Francisco Fed President and FOMC member Mary Daly on Wednesday said that the case for a 50 bps rate hike in May is now "complete" and that the Fed can also make an announcement on the reduction of its balance sheet at the next meeting, reported Reuters.
The Fed expects US economic growth to slow below trend, but not tip into recession, and even if it did, it would be mild and short, she noted. Moreover, Daly said that its premature to decide on how restrictive policy may need to get and the Fed will need to evaluate inflation and supply chains. Information on these pages contains forward-looking statements that involve risks and uncertainties.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Francisco Fed's Daly sees rapid 'march' to 2.5% for key U.S. interest rateThe president of the San Francisco Federal Reserve on Wednesday said the central bank is likely to raise a key interest rate to as high as 2.5% by year end...
Read more »
USD/CAD to rise over the next months on Fed tightening - Danske BankThe greenback will rise versus the Canadian dollar in the coming months according to analysts at Danske Bank. They forecast USD/CAD at 1.30 in three m
Read more »
S&P 500 Outlook Bearish on Ukraine War, IMF Outlook, Fed SpeakStocks may be in for a turbulent week ahead amid escalating Russia-Ukraine tensions. Investors’ premonitions about a weaker growth outlook from the IMF may amplify risk-off sentiment. Get your market update from DimitriZabelin here:
Read more »
Dolphins who are hand-fed by tourists are less social than their peersTourists who hand-feed wild dolphins might hope they are helping the marine mammals, but dolphins fed this way are less likely to form strong social bonds with their peers – which might help explain why their calves have a higher chance of dying.
Read more »
Breakingviews - Biden sets Barr for Fed bank copU.S. President Joe Biden's last nominee to be the Federal Reserve's top bank regulator, Sarah Bloom Raskin, hit a political roadblock. He has made a safer choice in naming Michael Barr to lead supervision at the central bank. The question is whether the left wing of Biden's party has also learned from the past.
Read more »
EUR/USD sees downside below yearly lows at 1.0770, focus shift to Fed Powell’s speechThe EUR/USD pair is hovering around the yearly lows at 1.0769 as investors await the final speech from Federal Reserve (Fed) Chair Jerome Powell befor
Read more »