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Fed's Daly: Two rate cuts this year are appropriate, uncertainty in September.
On August 5, Fed's Daly stated that two rate cuts this year are still an appropriate adjustment. He is satisfied with the Fed's decision in July, but not very pleased with making the same decision again.
There is still a lot of uncertainty about whether there will be a rate cut in September. "Regarding the decision in July, I am willing to wait another cycle, but I cannot wait indefinitely. The job market has not shown significant weakness, but it is softening, and further softening will not be welcomed."
No signs have been seen that tariffs are having a lasting impact on inflation.