Federal Reserve Bank of San Francisco President Mary Daly who has consistently reaffirmed the central bank’s commitment to curb inflation by raising interest rates, surprised investors by stating that the time has come “to start talking about stepping down” the pace of rate hikes. Daly’s comments were taken as an indication that the magnitude of further interest rate hikes could soon diminish.
Her comments came a day before the Federal Reserve began its blackout period ahead of the November 1-2 monetary policy meeting. Daly’s observations also came ahead of the latest round of
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macy's CEO discusses Union Square store in San Francisco - San Francisco Business TimesThe CEO of Macy's just weighed in on the future of the company's Union Square store.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Chief, San Francisco's new clubhouse for C-suite women, opens - San Francisco Business TimesChief wants to break through the isolation of top level female executives by providing the ideal networking hangout. Check out the space.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Humana’s San Francisco market president on his career journey and the evolution of the benefits industry - San Francisco Business TimesA thrill-seeker at heart, Jason Ackermann shared how he guides insurance planning for companies and their employees and his own goals of relationship and adventure. He likes to set lofty goals for both.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Somm from French Laundry, Cadet, brings new bar to Downtown Napa - San Francisco Business TimesThe former French Laundry sommelier is working on bar project in new development near Cadet wine & beer bar in downtown Napa.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »