Fed’s Daly Suggests One or Two Additional Rate Cuts Could Be Needed
According to Reuters, Federal Reserve Bank of San Francisco President Mary Daly indicated that monetary policy may require further easing to support economic conditions.
Summary
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Terms & Concepts
Rate Cut: A reduction in the central bank's benchmark interest rate, intended to lower borrowing costs and stimulate economic activity.
Federal Reserve: The central banking system of the United States responsible for monetary policy, financial regulation, and maintaining economic stability.