The next Federal Open Market Committee meeting is May 3 and 4.
Daly quoted in financial media, saying rising inflation and a tight labor market strengthen the case for a half-point hike in May.
- "The case for 50, barring any negative surprise between now and the next meeting, has grown"
Many FOMC members are falling over each other to make the case for a 50bp hike. The intention is that if it comes at the next meeting it'll surprise no one.
