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San Francisco Fed President Daly (’24 voter) is the latest Fed official to tip her hat towards the possibility of a March rate hike, given “uncomfortably high” levels of inflation. Daly also pointed to a need to remove monetary accommodation to ease demand pressure. She remains bullish when it comes to the strength of the U.S. economy, while stressing that she believes the central bank is not behind, nor ahead of the curve.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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