Weekly Espresso
San Francisco Federal Reserve President Mary Daly has indicated that it may soon be appropriate for the Federal Reserve to consider lowering interest rates. Daly’s comments align with recent remarks by Fed Chair Jerome Powell, who noted at the Jackson Hole symposium last week that he is increasingly confident inflation is returning to the Fed’s 2% target. Powell suggested that a potential adjustment in monetary policy could be forthcoming as inflation stabilises. In parallel, there are emerging dynamics in global markets.