Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Popular stocks

Crypto

CFD

Currencies

Support

Gold

Home » Markets News » Federal Reserve’s Mary Daly Sees Economic Optimism Amid Inflation Decline

Federal Reserve’s Mary Daly Sees Economic Optimism Amid Inflation Decline

  • October 23, 2024
  • 27

Mary Daly, the President of the Federal Reserve Bank of San Francisco, has expressed a renewed optimism regarding the state of the economy. In her recent social media updates, she highlighted that the economic landscape has improved significantly, marked by a notable decline in inflation rates and a labor market that is beginning to operate more sustainably.

Daly emphasized the importance of a forward-looking approach to economic data. She underscored that while the Federal Reserve remains data-dependent, this does not equate to being reactive to every piece of information. Instead, the focus should be on analyzing trends and projecting future economic conditions. She stressed the necessity of maintaining vigilance and being intentional in policy-making, ensuring a balance between achieving the dual objectives of a 2% inflation rate and full employment.

The goal for households, businesses, and communities is to foster a resilient economy that supports sustained growth alongside job security and stable price levels. Daly acknowledged that while significant progress has been made, the journey towards achieving a soft landing is ongoing, with the commitment to complete this task unwavering.

Market dynamics reflect Daly’s comments, as the U.S. Dollar has shown resilience, remaining stable at levels not seen since early August. This stability comes amid expectations that the Federal Reserve may adopt a less aggressive stance on policy easing. Investors appear to be weighing the implications of the Fed’s approach, suggesting confidence in the trajectory of the economy while keeping an eye on future developments that will influence monetary policy. Overall, the sentiment in the market indicates a cautious optimism as the economic landscape continues to evolve.

This site is registered on wpml.org as a development site.