Free Trial
US TSY OPTIONS

Carry-Over 10Y Put Spd Buying

MNI EXCLUSIVE

MNI Speaks To ECB Sources On Anti-Fragmentation Tool

EURUSD TECHS

Channel Resistance Remains Intact

OPTIONS

More Euribor Put Spread Buying Wednesday

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: Fed Rate Hikes Won't Cause Recession, Daly Says

(MNI) Ottawa
(MNI)

San Francisco Fed President Mary Daly said Tuesday that interest-rate hikes will help slow inflation later this year without erasing the U.S. economy's strong growth momentum.

“I’m not expecting that we’ll fall into recession, and we could slow so it looks like we’re teetering close to it, that’s possible, but it will be a short-lived event I expect, and then we will be back up,” she said. “We have a lot of momentum in the U.S. economy,” and it's more resilient to higher crude oil prices than it was in the 1970s because America has become a net exporter, she said. The job market is also "extremely tight" now she said and the Fed is committed to getting inflation under control.

Keep reading...Show less
165 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.

San Francisco Fed President Mary Daly said Tuesday that interest-rate hikes will help slow inflation later this year without erasing the U.S. economy's strong growth momentum.

“I’m not expecting that we’ll fall into recession, and we could slow so it looks like we’re teetering close to it, that’s possible, but it will be a short-lived event I expect, and then we will be back up,” she said. “We have a lot of momentum in the U.S. economy,” and it's more resilient to higher crude oil prices than it was in the 1970s because America has become a net exporter, she said. The job market is also "extremely tight" now she said and the Fed is committed to getting inflation under control.

Keep reading...Show less