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via reuters.comEconomy

Fed's Daly: Fed likely to need to raise rates amid worsening inflation

FROM THE WIRE · REUTERS.COM

Fed likely to need to raise rates amid worsening inflation: Daly

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA possible Fed rate hike to fight inflation weighs on equities and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fed official Mary Daly sees a rate hike as likely.
  2. 02The stated reason is worsening inflation.
  3. 03The original text is very brief and provides no further details.

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