Report
Fed's Daly says rate hikes are likely needed, but not urgently
Reuters reports Daly sees no need for a rate hike at the Fed's October 27–28, 2026, meeting.
TLDR
Reuters reports San Francisco Fed President Mary Daly said further short-term interest rate hikes will probably be needed to rein in too-high inflation, but signaled no need for a hike at the Fed's October 27–28, 2026, meeting.
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