Fed's Daly: Job Market Could Suddenly Weaken, Supports Rate Cut in December
BlockBeats News, November 25th. According to The Wall Street Journal, Mary Daly, President of the Federal Reserve Bank of San Francisco and a 2027 FOMC voter, expressed her support for an interest rate cut next month. She believes that the likelihood of a sudden deterioration in the labor market is greater than a sharp rise in inflation and is also more difficult to control. In an interview on Monday, she stated, "I'm not confident that we are ahead in the labor market. The labor market is now fragile enough, and the risk lies in a nonlinear change."
She mentioned that, in contrast, the risk of an inflation surge is lower because the cost increase driven by tariffs is much more moderate than earlier expected this year. Daly's viewpoint is noteworthy. Although she does not have a vote on monetary policy this year, she rarely publicly disagrees with Federal Reserve Chairman Powell. At the meeting on December 9th to 10th, Daly may play a key role in resolving the internal FOMC debate on whether to cut interest rates or pause the rate hike. (Forex Factory)
You may also like

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report

On-Chain Options Explosion.ActionEvent

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?

500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain

AI Agent needs Crypto, not Crypto needs AI

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Web3 teams should stop wasting marketing budgets on the X platform

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Key Market Intel on March 12th, how much did you miss out on?

The new center of Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

Why Does Everyone Hate AI?

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX
