Fed/Daly: Rate Cut in December is Definitely Still on the Table

Forex - San Francisco Fed President Mary Daly stated that a rate cut this month is not certain, but it remains on the table for policymakers. Speaking to Fox Business, Daly said, "We need to continue to adjust policy to keep the economy in a good place. Whether that happens this December or later is a question we will discuss at our next meeting, but the main point is that we need to keep pulling policy down to adapt to the economy." Daly's comments aligned closely with those of several other policymakers who spoke this week, clearly indicating their expectation for the U.S. central bank to continue lowering interest rates throughout next year but avoiding commitment to an imminent cut at the end of this month.