Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 San Francisco Federal Reserve Bank President Mary Daly has indicated that recent cooler inflation readings are encouraging, and she anticipates further easing in both price pressures and the labor market to justify interest rate cuts. While Daly sees it as likely that policy adjustments will be warranted, she remains uncertain about the exact timing. She suggests that one or two interest rate cuts this year, as projected in the June Fed policymaker forecasts, could be appropriate if inflation continues to cool, though progress may be uneven. Daly’s comments reflect a cautious optimism about the economic outlook and a willingness to consider rate cuts in response to improving economic conditions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ECB and BoC Poised to Cut Interest Rates This Week READ MORE July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE Citi Forecasts Gold Prices Could Hit $3,000 Within a Year READ MORE Dollar's Decline Fuels Gold's Advance; All Eyes on U.S. Economic Data READ MORE Gold Finds Support at 50-Day EMA, Eyes Gradual Rebound READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment