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Fed's Daly: The time is now to step down on the pace of rate hikes
This is an important comment from Daly because she's often a mouthpiece for Powell. At the same time, she's also talking about a higher terminal rate.
- My own forecast was for Fed funds to peak at 4.90%
- We will probably need to tighten more than the Sept dots plot suggested
- We need to mindful of cumulative tightening and the impact on financial conditions
- My forecast is that Read More
Posted: Nov 10 2022, 16:24
Author Name: forexlive
Views: 110997