Fed’s Daly: Two Rate Cuts This Year Remain an Appropriate Adjustment, No Signs Tariffs Are Having a Lasting Impact on Inflation

According to ChainCatcher, Federal Reserve's Daly stated that two rate cuts this year remain an appropriate adjustment. She is satisfied with the Fed's July decision, but would be less comfortable making the same decision again.

There is still considerable uncertainty regarding a possible rate cut in September. "Regarding the July decision, I am willing to wait another cycle, but we cannot wait forever. The job market has not shown significant weakness, but it is softening, and further weakening would be unwelcome."

No signs have been observed that tariffs are having a sustained impact on inflation.