Fed's Daly: We still have some work to do on inflation ...Middle East

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Feds Daly: We still have some work to do on inflation
We still have some work to do on inflationWe have solid growth, solid labor market. What's bothersome still is we haven't achieved price stability.Focus is on inflation, other things don't distract us.Policy, economy is in a good place.Rates have been restrictive for a significant number of years.June CPI showed some of the effects of tariffs..Other parts of inflation or coming down.The want to lower rates preemptivelyTwo rate cuts this year is a reasonable outlookBusinesses are optimistic.Businesses not stalling out

Given the inflation concerns and it being the middle of July, seeing two rate cuts puts her in a Trump friendly member - relatively to some of the others who are more quiet about number of cuts.

This article was written by Greg Michalowski at www.forexlive.com.

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