FED’S DALY SAYS INFLATION PRESSURE IS UP, NOT DOWN, THAT SHE INCREASINGLY HEARS FIRMS SAY THEY WILL PASS ON HIGHER COSTS | Hanami
FED’S DALY SAYS INFLATION PRESSURE IS UP, NOT DOWN, THAT SHE INCREASINGLY HEARS FIRMS SAY THEY WILL PASS ON HIGHER COSTS, AND THAT INFLATION SHOCKS CAN COMPOUND SO THE FED CANNOT BE COMPLACENT, ADDING SHE IS COMFORTABLE WITH THE SEPTEMBER HIKE AND THAT HER BIAS IS THAT FURTHER TIGHTENING WILL BE NEEDED