Federal Reserve's Daly: Considering implementing interest rate cuts in the fall, expects two rate cuts in 2025

ChainCatcher news, according to San Francisco Fed President Daly, she still believes there may be two rate cuts this year and noted that the likelihood of tariffs having a milder impact on prices than expected is increasing.

Daly revealed that some companies are negotiating to share the tariff costs, thereby reducing the proportion passed on to end consumers. She stated that the U.S. economy is in good shape, with economic growth and consumer spending slowing down, but not weakening. Inflation is moving towards the Fed's 2% target.

Daly stated, "I think there may be two rate cuts, but there is uncertainty in everyone's expectations, considering implementing rate cuts in the fall." (Jin Shi)