Fed's Daly: We can easily find ourselves overtightening

• Wants to avoid an unforced downturn by overtightening
• Sept SEP summary is a good indication of where things are looking
• Rental price inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is starting to slow
• Need to do everything in our power not to overtighten
• More tightening is needed
• Now we are in the stage of policy where we need to be thoughtful
• Fed getting to 4.50-5.00% next year is reasonable
• Time is now to start talking about slowing rate hikes
• We might have another 75 bps but it's not 75 bps forever
• Have to take account of synchronized global central bank tightening

Some dovish comments here and EUR/USD at the highs.

The idea earlier was that Timiraos was rolled out because the Fed didn't like the bond market getting ahead of it and pricing in another hike. These comments absolutely add to it and fed fund futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term are now pricing in a 4.90% top from 5.03% yesterday. Daly is a mouthpiece for Powell.

You might remember that she was the first one to float a faster taper in November of last year.