Fed Daly Says More Rate Hikes Likely Needed
San Francisco Fed President Mary Daly stated that further interest rate increases will likely be needed to control inflation. However, she indicated there is no urgent need to raise rates at the upcoming October meeting.
The Federal Reserve will likely need to increase short-term interest rates further to curb inflation, San Francisco Federal Reserve President Mary Daly said on Wednesday, signaling no urgency for a move at the upcoming meeting in the United States.
