Fed's Daly ready to raise rates in March - Breaking The News

Fed's Daly ready to raise rates in March

13 February

1 min read

EPA-EFE/JUSTIN LANE

President and CEO of the Federal Reserve Bank of San Francisco, Mary Daly, said on Sunday that the Fed remains focused on surging inflation in the United States, adding she favors increasing key interest rates next month.

Speaking to CBS, Daly said that the Fed should take a balanced approach while considering rising rates, with March being "an appropriate time" for the decision. However, being too aggressive could be destabilizing for the US economy, she concluded.

The latest data estimated the January inflation at 7.5%.

inflation fed daly

Fed's Hammack says not all market swings are bad

3 hours ago

Federal Reserve Bank of Cleveland President Beth Hammack said money market liquidity is still "abundant," and some market swings are "not a bad thing." She warned that a large Fed balance sheet can lead to more risk-taking and stressed there is an "incredibly high bar" for the Fed to step in and help markets. Hammack also supported the Fed's standing repo facility as a tool to manage liquidity. She said the Fed can continue reducing its balance sheet...

Fed: Economic activity little changed

9 hours ago

The Federal Reserve shared in its latest Beige Book on Wednesday that the economic activity in the United States was "little changed." It was detailed that only five districts saw "slight growth," while three districts said that the activity was "relatively unchanged," and the remaining four districts reported "slight to modest declines." "The outlook in several Districts worsened considerably as economic uncertainty, particularly surrounding tariffs, rose," the Fed...

Nagel: Germany might enter recession in 2025

15 hours ago

Member of the European Central Bank (ECB) Governing Council and Bundesbank President Joachim Nagel stated on Wednesday that Germany entering a recession in 2025 cannot be excluded, but insisted that its economy "will do much better" in the coming years.Speaking to Bloomberg, Nagel praised the fiscal stimulus the government adopted this year, saying it sends "an important message" that Germany "is doing its homework." He expressed his certainty...

Trump: Everything coming down except interest rates

22 April

United States President Donald Trump said prices have fallen across the board since he took office, except for interest rates."It's all coming down. The only thing that hasn't come down—but hasn't gone up much—is the interest rate," he said. Trump pointed to falling gasoline prices, saying, "One of the big things was energy—energy was coming down." He also highlighted the drop in egg prices, recalling early fears of shortages. "They were up 2-3 times," he said,...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.