TechFlow, July 11 — According to Jinshi Data, San Francisco Fed President Daly said she still expects two rate cuts this year, noting that the possibility of tariffs having a milder impact on prices than anticipated is increasing.
Daly revealed that some businesses are negotiating to share tariff costs, thereby reducing the proportion passed on to end consumers. She stated that the U.S. economy remains in good shape, with economic growth and consumer spending slowing but not yet weakening, and inflation is moving toward the Fed's 2% target.
Daly said, "I think there could be two rate cuts, but there is uncertainty around everyone's expectations, and considering rate cuts in the fall."
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