{"id":67804,"date":"2022-06-28T22:14:00","date_gmt":"2022-06-28T18:14:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67804"},"modified":"2022-06-28T21:35:34","modified_gmt":"2022-06-28T17:35:34","slug":"feds-daly-inflation-reins-the-us-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-daly-inflation-reins-the-us-economy\/06\/28\/market-updates\/","title":{"rendered":"Fed&#8217;s Daly: Inflation reins the US economy"},"content":{"rendered":"\n<p>On Tuesday, San Francisco Federal Reserve Bank President Mary Daly said she believes the US economy will slow to below 2% annual growth as the central bank hikes interest rates, but there will be enough momentum that it will not stop growing.<br><br>&#8220;I do expect the unemployment rate to rise slightly, but nothing (like)&#8230;. what people would think of as a recession,&#8221; Daly said in an interview on LinkedIn.<br><br><strong>Key Quotes<\/strong><\/p>\n\n\n\n<p><strong><br><\/strong>The fed can address inflation, at least partly.<br><br>Supply is still very short, made shorter by war in Ukraine.<br><br>Fed can reduce demand, which is about half of the cause of inflation.<br><br>Inflation bridles the economy.<br><br>getting price stability is a fundamental factor in achieving full employment.<br><br>The labor market is really strong right now.<br><br>The economy has a lot of momentum, that puts us in a better position of achieving a softer landing.<br><br>We will have slower growth, perhaps below 2%, but it won&#8217;t be negative.<br><br>Expect unemployment rate to rise slightly, but not like in a recession.<br><br>We are tapping on the brakes to get to a more sustainable pace.<br><br>Global economy won&#8217;t grow as fast because of Ukraine, and that will be a headwind for the u.s. economy.<br><br>Consumer and small business sentiment show pervasive effect of inflation.<br><br>I&#8217;m worried that left unbridled inflation would continue to threaten US economy.<br><br>It is tough right now, but it will get better in part because of fed rate hikes, and signs of life in supply chains.<br><br>Mass layoffs in tech are not only related to slowing in the economy; tech is always repositioning itself.<br><br>Labor market is strong right now, despite layoffs; if you are in tech, you&#8217;ll be able to continue to get jobs.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, San Francisco Federal Reserve Bank President Mary Daly said she believes the US economy will slow to below 2% annual growth as the central bank hikes interest rates, but there will be enough momentum that it will not stop growing.&#8220;I do expect the unemployment rate to rise slightly, but nothing (like)&#8230;. what people &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,8143,7087,7986,6858,8793],"class_list":["post-67804","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-interest-rate-hikes","tag-jobs","tag-mary-daly","tag-us-economy","tag-war"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67804"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67804\/revisions"}],"predecessor-version":[{"id":67809,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67804\/revisions\/67809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61367"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}