Fed’s Daly: The labor market is very strong while inflation is unacceptably high

189
SHARES
1.5k
VIEWS
  • Fed’s Daly speaking at the Orange County Business Council

SF Fed President Daly

  • US labor market is very strong
  • Inflation is unacceptably high
  • Still not at price stability, Fed has more work to do
  • Currently the expects Fed Funds to top out at around 5%
  • US has a shortage of housing
  • Will be watching the data
  • There are a lot of global headwind including China, war in Ukraine, the winter in Europe.
  • My view that rates could peak in the 4.75%-5.25% range, it is not set in stone

Most Popular

Source link

Related articles

Related Posts

EURUSD=X 
$1.04  -0.07%  
EURCAD=X 
$1.39  0.20%  
EURJPY=X 
$144.65  0.27%  
GBPUSD=X 
$1.21  -0.19%  
EURNZD=X 
$1.66  0.08%  
AUDUSD=X 
$0.6753  -0.20%  
CADUSD=X 
$0.7478  -0.28%