Fed Reserve Bank President Daly Foresees Rate Cuts for 2024

Felix Leclerc
1 min read

News Content

Federal Reserve Bank of San Francisco President Mary Daly indicated that three interest-rate cuts remain a reasonable expectation for 2024. Daly, who holds voting power on monetary policy decisions for this year, conveyed this view during an event in Nevada. She emphasized that there is currently no urgency to adjust the rate, citing the robust growth. Despite the favorable economic conditions, Daly's forecast for three rate cuts in 2024 remains unchanged, reflecting cautious optimism for the future economic landscape.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings