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Recap of remarks from Fed's Daly - base case is +50bp in September, open to +75

Eamonn Sheridan
12/08/2022 | 01:47 GMT

Earlier:

  • Comments incoming from Fed's Daly - not only looking at 1 CPI report
  • More from Fed's Daly: repeats that 3.4% is about right for Fed Funds for the end of 2022

Daly is often seen as a mouthpiece for Fed Chair Powell, hence here remarks are heeded.

Reuters have a recap of her interview posted here, ungated.

  • "We don't want financial conditions to relax"
Mary C DaLY

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