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Mary Daly’s outlook for further Fed rate hikes
San Francisco Fed President Mary Daly expects more rate hikes but says their timing and size remain undecided.
TLDR
Daly favors a gradual approach to fighting inflation and backed both September’s quarter-point rate hike and October’s pause. The Fed’s benchmark rate stands at 3.75%–4%. She called October’s 165,000-job gain good news for workers but said wages are not keeping up with inflation.
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