Americans are on a ‘treadmill of high inflation’ and more rate hikes are likely, Fed’s Daly says
Summary
San Francisco Federal Reserve President Mary Daly described the latest employment figures as positive for workers while highlighting the ongoing financial pressure rising consumer prices place on households. She also indicated that additional increases in interest rates remain probable as economic challenges persist.
San Francisco Fed President Mary Daly called Friday's jobs report "good news for American workers," but noted the pressure inflation is exerting on household finances
Source: Read the full story at US Top News and Analysis
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