With inflation progress slow, Fed’s Daly says rate cuts may need to wait

Mary Daly suggests that while the Fed could initiate a few interest rate cuts in 2023, concerns over rising inflation necessitate a gradual approach, emphasizing careful management of economic policy.

The Fed maintains its policy rate at 4.25%-4.50% since December. The uncertainty surrounding trade policies does not seem to hinder U.S. Economic growth, allowing for a wait-and-see strategy.