TechFlow, August 16 — According to Jinshi Data, after economic data showed last month's retail sales were stronger than expected and wholesale prices unexpectedly jumped, Mary Daly, San Francisco Fed President and a 2027 FOMC voting member, hinted in an interview that she remains ready to begin easing policy as early as next month. Daly said the labor market is weakening and the economy is slowing—not sharply—and compared to inflation that remains above the Fed's target, "there will be grounds for several rate cuts at some point this year." "We will wait for more data; we might cut rates less, or we might cut more, but ultimately, I still think two rate cuts this year is a good forecast." "What I don't want to do is worry so much about inflation possibly rising again or persisting that we end up waiting for clarity while failing to support the labor market."
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