Fed's Daley: It's too early to declare victory over inflation or think an interest rate cut is imminent

Mars Finance News, on January 20, San Francisco Fed President Daly said that it is too early to declare victory over inflation, and we have not yet reduced inflation to 2%. It is also premature to think that a rate cut is imminent. Before Daly's remarks, U.S. short-term interest rate futures traders had changed their bets, believing that the Federal Reserve would not start cutting interest rates before the May meeting; according to CME "Fed Watch" data, the possibility of the Federal Reserve cutting interest rates in March has declined. to below 50%. (Golden Ten)