I’m sitting here, watching some financial news roll by on my screen—like it’s casually sipping coffee or something—and I catch this bit about Mary C. Daly, the Federal Reserve’s guru over in San Francisco. It was Monday evening, if I’m recalling it right, and she’s chatting about interest rates. You know, that stuff that usually puts people to sleep. But she’s got this vibe saying, “Hey, maybe we look into cutting rates… then again, maybe not just yet ’cause there’s still a ton of, you know, uncertainty hanging around.”
So, here’s the thing—she throws out this gem about maybe going for fewer than two rate cuts. But then flips it, like, “Well, maybe more is what we need.” Classic, right? It’s like trying to decide between two equally tempting snacks. Oh, and back in July, she was all up for waiting another round of decisions. Patience play, I guess? But she admits, waiting infinitely isn’t really on the menu.
September’s rate cut situation is still murky—there’s this whole cloud hanging over the decision like a Monday morning fog. And don’t get her started on the job market. Apparently, it’s not exactly falling off a cliff but softening, which I guess means like when you leave ice cream out too long. Not what anyone’s rooting for, apparently.
The inflation bit—yeah, she’s full-on saying that they’re not waiting for all the stars to align to figure out if inflation’s sticking around. They’ve got to make a move based on what seems most likely. Oh, and about those tariffs—she’s not seeing them sneakily keeping inflation high. Probably a relief, if you’re into that sorta thing. Anyway—where was I going with this?—oh yeah, the rates. It’s like juggling flaming torches while riding a unicycle. Sort of.
