Fed’s Daly says she sees no signs of more worrying inflation

Fed President Mary Daly said recent inflation and jobs data have not changed her outlook, and she does not see a case for pre-emptive rate hikes. The Details: · Policy stance: Daly said monetary policy is in a good place and the Fed is monitoring markets. · Inflation: She said she is watching for more concerning inflation signs but does not currently see them. · Labor market: Daly said the job market is not contributing to inflation at present. · Bond yields: She described rising long-term yields as a global issue that does not provide a policy signal for the Fed. * ⁠Fed's Daly: I don't see any signs of labor market faltering. Not seeing broad inflation spillover from AI buildout.