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News 2026-10-14 22:07 UTC

EXCLUSIVE — Fed's Daly says rate hikes likely needed, but not urgently

(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