San Francisco Fed Chairman Marie Daly said the lowering of
inflation shows that monetary policy in the United States is working, but it is
too early to know when it will be appropriate to cut interest rates.
Richmond Fed Chairman Thomas Barkin said Friday he would
deliberately continue to tighten monetary policy because utilities still have
room to raise prices. In other words, there is still room for the service
sector to rise.
Meanwhile, the Federal Open Market Council (FOMC) are raising
uncertainty about the path of the Fed’s interest rate cuts, leading to a
further rise in Treasury bond yields.
Dr. Kamaran
Qader Yaqub,
Financial
Consultant at Investment Spot company.