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Fed's Daly: Expect inflation to come down as tariffs roll off
Added at 4:54pm
- FED’S DALY SAYS THE LABOR MARKET IS IN A BETTER PLACE AFTER 75 BPS OF RATE CUTS AND POLICY IS CURRENTLY WELL POSITIONED.
SHE SAYS INFLATION CONTINUES TO EASE OUTSIDE GOODS, THOUGH THE “LAST MILE” HAS BEEN DIFFICULT DUE TO SHOCKS INCLUDING TARIIFFS, AND EXPECTS PRICE PRESSURES TO COOL AS TARIFFS ROLL OFF.
DALY ADDS THAT BUSINESS USE OF TECHNOLOGY SHOULD HELP ON INFLATION AND THAT AI-RELATED CAPEX REFLECTS REAL DEMAND, NOT SPECULATION.
SHE NOTES THE LABOR MARKET IS MORE SUBDUED THAN BEFORE AND DOES NOT SEE AI CAPEX DRIVING INFLATION.
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