• Fed's Daly: Aggressive rate cuts not warranted without evidence of a stronger economic downturn

Market news

6 August 2019

Fed's Daly: Aggressive rate cuts not warranted without evidence of a stronger economic downturn

  • Global growth headwinds justified last week's rate cut

  • Trade uncertainty has amplified, could chill business investment

  • Doesn't see the economy heading into a recession

  • Continued headwinds from trade, lower policy rates from other central banks could justify lower rates

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