Canadian federal reserve president Mary Daly supports December rate cut with an 81% probability

Mary Daly advocated for a rate cut in December due to concerns about the labor market, highlighting that a swift decline poses a greater threat than inflation. She believes that current tariff-related cost increases are lower than previously anticipated.

Daly’s public divergence from Jerome Powell is uncommon, emphasizing her position’s weight. She is crucial for the upcoming FOMC meeting on December 9-10, aiming to address ongoing debates on whether to cut or maintain rates.