22 November 2022 | Other

Daly from FRS says that it is premature to rule out another 0.75% rate hike

On Monday, the head of Fed in San Francisco Fed Mary Daly declared that it is still too early to refuse a new rate hike. When asked by journalists about the next meeting, she replied that the rates still require to be discussed. They planned to increase the rate by 75 b.p. before the December meeting of the central bank related to monetary policy questions.

Daly admitted that the tipping point in inflation hasn't come yet because only one month passed. The officials will require more data to slow down inflation completely.

Also, she repeated that she still considers it necessary to increase the key interest rate to the level of 4.75% — 5.25%, although this isn’t a final decision. Currently, the rate is within the range of 3.75% — 4%.

Company MarketCheese
Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
Today at 11:28 AM 9
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
Today at 10:25 AM 12
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
Today at 09:08 AM 12
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
Today at 07:01 AM 14
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
Today at 04:41 AM 15
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
Yesterday at 11:31 AM 64
Go to forecasts