Fed chair says it’s time to start stepping down rate hikes

Current MarketsMarket Indicators
Written By Joe Sweeney

San Francisco Fed President Mary Daly added her voice to that debate on Friday during an event in Monterey, California.

While acknowledging that high inflation made it "really challenging" for the central bank to step down from its rate hikes, Daly said "the time is now to start talking about stepping down. The time is now to start planning for stepping down."

With YoY CPI dropping, the fed might brake from interest rate hiking to see if previous tightening continues to slow inflation

Joe Sweeney

Joe is a failed baseball player turned market blogger

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