Fed's Daly: Do not see rate cuts in 2023

Fed's Daly: Do not see rate cuts in 2023

FED'S DALY: DO NOT SEE RATE CUTS IN 2023
— Cable FX Macro (@cablefxmacro) October 5, 2022

Added at 10:23am

FED'S DALY: FOR US THE PATH IS CLEAR: WE ARE GOING TO RAISE RATES TO RESTRICTIVE TERRITORY, THEN HOLD THEM THERE FOR A WHILE #News #Forex #US
— Capital Hungry (@Capital_Hungry) October 5, 2022

Added at 10:24am

FED'S DALY: I SEE DEMAND CONTINUES TO ACCOUNT FOR APPROXIMATELY 50% OF INFLATION.
— Breaking Market News (@financialjuice) October 5, 2022

Added at 10:24am

FED'S DALY: WE MUST BE PREPARED FOR INFLATION TO BE MORE PERSISTENT THAN WE ANTICIPATE.
— Breaking Market News (@financialjuice) October 5, 2022

Added at 10:31am

FED'S DALY: IF FRIDAY'S DATA SHOWS THAT HIRING IS SLOWING, THAT WOULD BE WELCOME NEWS.
— Breaking Market News (@financialjuice) October 5, 2022

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Comment #1
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Oct 5, 2022 10:52am Oct 5, 2022 10:52am

fxsport
Joined Jul 2007 | Status: Member | 2661 Comments

People read that LAST tweet:

FED'S DALY: IF FRIDAY'S DATA SHOWS THAT HIRING IS SLOWING, THAT WOULD BE WELCOME NEWS.

She didn't say the FED would pivot. It will take 2 or 3 months of data before they decide to change course.

Read what they say - it ain't that hard; unless you make it that way!

...because you never know - until you do!

Comment #2
Quote
Oct 5, 2022 1:44pm Oct 5, 2022 1:44pm

Banditten
Joined Sep 2019 | Status: Member | 1565 Comments

But their roadmao showed declining rates in 23 didnt it?

Comment #3
Quote
Oct 5, 2022 1:46pm Oct 5, 2022 1:46pm

Banditten
Joined Sep 2019 | Status: Member | 1565 Comments

Anyway in my opinion they need to let hikes sink in. Hiking rates dont affect on the same day. It takes time and it will have some effect. But is it necessary to hike this hard? No, I dont think so.

Story Stats

Posted: Oct 5, 2022 10:22am
Submitted by:
Newsstand

Category: Medium Impact Breaking News

Comments: 3 / Views: 2,306