San Francisco Fed President Mary Daly expressed cautious optimism about the current economic environment, noting that growth remains solid and the labor market resilient. She emphasized that while inflation has moderated in many areas, the Fed still has work to do to bring it fully under control. Daly warned against prematurely cutting rates, underscoring the importance of completing the "last mile" in the inflation fight without triggering unnecessary economic weakness.
EURUSD ticked down 0.1% following Daly's statement, bouncing back from 30-period exponential moving average (EMA30, light purple).
Source: xStation5
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
US2000 near record levels 🗽 What does NFIB data show?
🚨 Bitcoin drops to $69,000 📉 A 1:1 correction scenario?
Chart of the day 🗽 US100 rebound continues as US earnings season delivers
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
