Federal Reserve Bank of San Francisco President Mary Daly said three interest-rate cuts is still a reasonable expectation for 2024, though there’s no urgency to make adjustments at the moment. “I think that is a very reasonable baseline,” Daly, who votes on monetary policy decisions this year, said Tuesday during an event in Nevada. For now, “Growth is going strong, so there’s really no urgency to adjust the rate,” she said. Fed officials were in widespread agreement at their March 19-20 policy meeting that it would be appropriate to begin cutting their benchmark rate at some point in 2024, with the median ... (full story)