{"id":11356,"date":"2023-12-12T19:29:06","date_gmt":"2023-12-12T19:29:06","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/feds-daly-says-it-makes-sense-to-wait-on-interest-rate-policy-given-all-the-uncertainty\/"},"modified":"2023-12-12T19:29:07","modified_gmt":"2023-12-12T19:29:07","slug":"feds-daly-says-it-makes-sense-to-wait-on-interest-rate-policy-given-all-the-uncertainty","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=11356","title":{"rendered":"Fed\u2019s Daly says it makes sense to wait on interest-rate policy given all the uncertainty"},"content":{"rendered":"
\n

The Federal Reserve should wait and see how the economy develops given the high uncertainty surrounding the outlook for the U.S. economy, San Francisco Fed President Mary Daly said Friday.<\/p>\n

\u201cWhen we know where we\u2019re going and it\u2019s important to get there, moving aggressively makes sense,\u201d Daly said in a speech at a banking conference in Frankfurt. But she noted that sometimes a \u201cdifferent type of boldness is required: the boldness to wait.\u201d<\/p>\n

\n

Daly added: \u201cWhen uncertainty is high and the risks to our objectives more balanced, we need to practice gradualism. That means the Fed is saying, We don\u2019t know yet.\u201d <\/p>\n

Traders in derivative markets now expect the Fed to remain on hold until next May and that the next move will be to cut rates. The central bank last raised its benchmark rate to between 5.25%-5.5% in July.<\/p>\n

Daly said Fed officials are not certain whether inflation is on track to return to 2%. She said the central bank is also not sure whether all the negative effects from past tightening have hit the economy. <\/p>\n

\u201cAnd we are uncertain about whether the dynamics we observe today are cyclical remnants of the post-pandemic recovery or indicators of structural shifts and a new normal for the national and global economy,\u201d Daly added. <\/p>\n

The yield on the 10-year Treasury note
\n BX:TMUBMUSD10Y
\n rose slightly to 4.44% in early trading on Friday.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Reserve should wait and see how the economy develops given the high uncertainty surrounding the outlook for the U.S. economy, San Francisco Fed President Mary Daly said Friday. \u201cWhen we know where we\u2019re going and it\u2019s important to get there, moving aggressively makes sense,\u201d Daly said in a speech at a banking conference in Frankfurt. But she noted that sometimes a \u201cdifferent type of boldness is required: the boldness to wait.\u201d Daly added: \u201cWhen uncertainty is high and the risks to our objectives more balanced, we need to practice gradualism. That means the Fed is saying, We don\u2019t<\/p>\n","protected":false},"author":1,"featured_media":11357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-11356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nFed\u2019s Daly says it makes sense to wait on interest-rate policy given all the uncertainty | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"The Federal Reserve should wait and see how the economy develops given the high uncertainty surrounding the outlook for the U.S. economy, San Francisco\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=11356\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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