Fed's Daly: A 100bp Increase is Possible But a 75bp Increase is More Likely for July.

According to the New York Times, San Francisco Federal Reserve Bank President Mary Daly stated on Wednesday that a 100bp increase is possible but that a 75bp increase is more likely.

July 14, 2022 - 12:01 PM 237 views

Fed's Daly: A 100bp Increase is Possible But a 75bp Increase is More Likely for July.

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© Fed's Daly: A 100bp Increase is Possible But a 75bp Increase is More Likely for July.

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According to the New York Times, San Francisco Federal Reserve Bank President Mary Daly stated on Wednesday that a 100bp increase is possible but that a 75bp increase is more likely.

Daly stated on Tuesday that she thinks the US economy would grow at a slower rate—below 2 percent annually—as the Fed raises interest rates, but that it has enough momentum to continue.

In a LinkedIn interview, Daly stated, "I do expect the unemployment rate to climb marginally, but nothing (like)... what people would think of as a recession.

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