Fed official Daly stated that she expects one to two more rate cuts this year, each by 25 basis points
2024/10/11
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The president of the San Francisco Federal Reserve, Mary Daly, anticipates that the Federal Reserve will likely implement one to two more rate cuts this year, with each cut of 25 basis points (1), during decision-making meetings where she has voting rights.
During a seminar at Boise State University in Idaho, Daly stated that the Fed will continue lowering rates this year to protect the U.
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