Fed’s Daly: Direction is downward, but too soon to commit to December cut

San Francisco Fed President Mary Daly signaled that the December 9–10 FOMC meeting remains a genuine live decision, saying it is “premature to say definitely no cut, or definitely a cut.” Daly stressed she has “an open mind” and has not reached a final view. While Daly reiterated that the overall direction of policy is […]

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