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Hana Tran
@taitt2600
The Fed May Cut Interest Rates in the Fall In an interview with CNBC, Mary Daly, President of the San Francisco Federal Reserve, leaned toward a potential interest rate cut in the fall (September to November), rather than taking action at the next meeting. She described the recent inflation data as “very good news,” with inflation coming in lower than expected for three consecutive months. However, Daly cautioned against acting too quickly and emphasized the importance of balancing the Fed’s dual mandate of employment and inflation. The Fed’s next meeting is scheduled for the early morning of July 31.
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