San Francisco Fed President Mary Daly said yesterday she’s “quite comfortable” with the economic projections that interest rate will rise to 4-4.5% by the end of this year, and 4.5-5% next. “It’s going to take restrictive policy for a duration of time to get clear and convincing evidence that inflation is getting back to 2% […]
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In a speech today, Fed Governor Michael Barr acknowledged that the US economy began the current quarter from a “relatively strong position,” describing overall conditions as “resilient.” However, he cautioned that this solid foundation is Read more…
U.S. equity futures edged higher in early Friday trading, while Treasury yields held at multi-week highs, as investors parsed details of a U.S.-UK trade agreement and looked to weekend talks with China that could potentially Read more…