Free Trial
USDJPY TECHS

Downdraft Dents Outlook

US TSY OPTIONS

Second Half Option Roundup

EURGBP TECHS

Bearish Focus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Daly Says Hikes Taking Economy To Sustainable Pace

(MNI) Ottawa
(MNI)

San Francisco Fed President forecasts modest rise in unemployment, no prolonged output drop.

Higher interest rates will bring the U.S. economy to a more sustainable place with a modest rise in unemployment and perhaps a short phase of negative GDP growth rather than a recession, San Francisco Federal President Mary Daly said Tuesday.

“The labor market is strong, that means we are raising interest rates on an economy with a lot of momentum, and that puts us in a much better position to achieve a softer landing,” she said on a webcast hosted by LinkedIn News. “I see us tapping on the brakes to slow to a more sustainable pace.”

Keep reading...Show less
221 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Higher interest rates will bring the U.S. economy to a more sustainable place with a modest rise in unemployment and perhaps a short phase of negative GDP growth rather than a recession, San Francisco Federal President Mary Daly said Tuesday.

“The labor market is strong, that means we are raising interest rates on an economy with a lot of momentum, and that puts us in a much better position to achieve a softer landing,” she said on a webcast hosted by LinkedIn News. “I see us tapping on the brakes to slow to a more sustainable pace.”

Keep reading...Show less