Fed's Daly (2027 voter) says policy is in a good place and labour market is in a better position after 75bps of cuts, adds inflation continues to decline outside goods sector
Fed's Daly's comments indicate a cautious but balanced outlook on policy after recent rate cuts, reflecting confidence in the labor market's stability.
PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from Inghams, Perseus Mining, QBE, Qube, Rio Tinto & St Barbara
US President Trump said regarding affordability 'we've solved it' and will talk about inflation in the State of the Union next week
Fed's Daly (2027 voter) says policy is in a good place and labour market is in a better position after 75bps of cuts, adds inflation continues to decline outside goods sector
Newsquawk Daily Asia-Pac Opening News - 20th February 2026
Iran says in letter to UN Secretary General and members of the Security Council that if they are attacked, all bases, facilities and assets of hostile force in the region will constitute legitimate targets within the framework of Iran's defensive response
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Says:
- We have more work to do to get inflation down, but don't want to get behind, or over our skis.
Her emphasis on the need to further address inflation, particularly beyond the goods sector, suggests that while the Fed feels no immediate pressure to act aggressively, they remain vigilant. This nuanced stance may reinforce expectations for a measured approach to future rate decisions, impacting market sentiment across various asset classes.
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