Federal Reserve Bank of San Francisco President Mary Daly:
Confidence is growing that we are getting nearer to a sustainable pace of getting inflation to 2%I see a policy adjustment over the coming termSome normalisation of policy is a likely outcomeUS economy is slowingInflation is lower but we are not there yetWe are nearer the time of achieving our goals
September has firmed as a likely Federal Reserve rate cut. I posted my tin hat/cynical political view on this here. 😉
why cut in September when they could cut on November 7 and provide a gift to the new guy
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This article was written by Eamonn Sheridan at www.forexlive.com.
