Fed's Daly says time is nearing for rate cuts, may need more than two | Metals Mine

  • Fed's Daly says time is nearing for rate cuts, may need more than two

    From msn.com

    San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. "I was willing to wait another cycle, but I can't wait forever," Daly said of the Fed's decision last week to leave short-term borrowing costs in their 4.25%-4.50% range rather than cut them, as a couple of her colleagues wanted and as President Donald Trump has demanded. While that doesn't mean a September rate cut is a lock, she said, "I would lean to thinking that every meeting going ... (full story)

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Czyker26
Aug 4, 2025 11:46pm
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Could you imagine the Japanese waiting for something like this????? Hell even the Turkish government would not put up with this Bull....
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Trader#EF26
Aug 4, 2025 7:55pm
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Which is why stocks literally can’t go down, bears couldn’t even test the very first support level let alone breach it. Fed will lower multiple times, tons of money in cd’s and money markets that isn’t going to earn much so they will have to put the money somewhere.
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Trader#4C2C
Aug 4, 2025 9:46pm
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What is that level?
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Trader#99C8
Aug 4, 2025 10:57pm
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Quoting Trader#4C2C
What is that level?
spx 6200, 6050, 5900, 5700 each support more important as you go down, if we can't close below 6200 then obviously we have to hit new highs
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