2023 Rate Cut Standoff Puts Fed, Markets On Collision Course

2023 Rate Cut Standoff Puts Fed, Markets On Collision Course

If you ask Mary Daly, a slowdown in the US labor market is "completely worth it" if it means taming prices. She spoke Wednesday during a Twitter event hosted by Reuters. It was the second time this week that Daly weighed in. Although she was careful to suggest policymakers not "get ahead of themselves," she nevertheless pushed back on hopes for a dovish pivot. In fact, she delivered some of the most explicit rhetoric yet vis-à-vis market pricing for the policy path and, by extension, the summ
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