Fed's Daly: 100 basis points of rate cuts so far are correct, the calibration phase is over

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ODAILY
12-20
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Odaily Odaily Fed's Daly said, "I am sure that the 100 basis points of rate cuts so far are correct and the calibration phase is over. The Fed is very satisfied with its forecast of two rate cuts in 2025. Now, we will wait cautiously before further rate cuts. My prediction is that there will be far fewer rate cuts next year than we previously expected." (Jinshi)

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