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(Adds more comments, background starting in paragraph 3) Daly signals no urgency for rate hike as October 27-28 meeting nears Inflation risks elevated, labor market stable: Daly Markets understand Fed's reaction function, Daly says By Ann Saphir SAN FRANCISCO, Oct 14 (Reuters) — The Federal Reserve will probably need t
Not In A Posture Of Urgency; Better To Take Time To Be Thoughtful And Deliberate - Risks To Above-Target Inflation Remain Elevated; Stable Labour Market Allows Focus On Price Stability - Feels Imprudent To React When There Is Time To Make A Good Decision - Markets Calmer After Initial Robust Reaction To CPI Data; Marke