Fed's Daly: Economy is experiencing negative demand shock with inflation under control

律动Nov 10, 2025
#Macro
On November 10, Fed's Daly said that the U.S. economy may be suffering from a slump in demand, while tariff-related inflation currently appears to be under control. Daly is not currently a decision-maker on the Federal Open Market Committee, the U.S. central bank's voting body. Daly did not specify what action would be taken at the upcoming December meeting, saying, "To get policy right, you need to keep an open mind and dig deep into the evidence on both sides of the argument."

Daly said, "So far, the impact of tariffs has been largely confined to goods, with little spillover to services inflation or inflation expectations, which remain relatively firmly anchored near our target." [Golden Ten Data]

[BlockBeats]

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Fed's Daly: Economy is experiencing negative demand shock with inflation under control

律动Nov 10, 2025
#Macro
On November 10, Fed's Daly said that the U.S. economy may be suffering from a slump in demand, while tariff-related inflation currently appears to be under control. Daly is not currently a decision-maker on the Federal Open Market Committee, the U.S. central bank's voting body. Daly did not specify what action would be taken at the upcoming December meeting, saying, "To get policy right, you need to keep an open mind and dig deep into the evidence on both sides of the argument."

Daly said, "So far, the impact of tariffs has been largely confined to goods, with little spillover to services inflation or inflation expectations, which remain relatively firmly anchored near our target." [Golden Ten Data]

[BlockBeats]

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