Fed's Daly hints at possible two rate cuts this year

ChainCatcher news, according to Jinshi reports, San Francisco Fed President Daly stated in an interview that considering last month's retail sales were stronger than expected and wholesale prices unexpectedly surged, she is still prepared to begin easing policy as early as next month. Daly pointed out that despite the softening labor market and economic slowdown, "two rate cuts this year are still a good prediction" compared to inflation above the Fed's target.