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Fed's Daly says we have more work to do, inflation is still high

Did she not get the memo?Timiraos: Higher long-end yields likely to extend Fed pauseDaly speaking Decline in goods inflation has been an easy win, and not largely due to the Fed's rate hikesJust starting to see improvement in non-housing services inflation, need more of itWe have more work to do, inflation is still highFed policy is helping supply and demand get into a better balanceIn future could see the nominal neutral rate go to 2.5%-3%The new normal may be a little different, but probably w... Read More

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Posted: Oct 10 2023, 22:14

Author Name: forexlive

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