Federal Reserve's Daly: Two Interest Rate Cuts This Year Still Appropriate Adjustment, No Sign of Tariffs Sustaining Inflationary Pressure

BlockBeats News, August 5th. Federal Reserve's Daly stated that two interest rate cuts this year are still an appropriate adjustment. She was satisfied with the Fed's July decision but less satisfied with making the same decision again.

There is still a lot of uncertainty about whether there will be an interest rate cut in September. "Regarding the July decision, I would be willing to wait for another cycle, but we can't wait forever. The labor market is not significantly weak, but it is softening, further softening would be unwelcome."

There are no signs of tariffs having a lasting impact on inflation. (FX678)