Fed's Daly Says Further Rate Hikes Likely, Not Urgent
San Francisco Fed President Mary Daly said rates will probably need to rise further to curb inflation, but signaled no need to act at the October 27-28 meeting.
The Federal Reserve will probably need to increase short-term interest rates further to rein in too-high inflation, San Francisco Federal Reserve President Mary Daly said on Wednesday, but she also signaled there's no need to do so at the US central bank's October 27-28 meeting."We are more likely…