🗣️Fed member Daly:

•If yields remain high, there is no need for another interest rate increase.

•I don't see any deterioration in the market right now.

•An increase in bond interest rates is equal to an interest rate increase.

•With the increase in bond interest rates, there is no need for the Fed to make additional tightening.

•If we continue to see the labor market and inflation cool down, we can keep interest rates steady.

•Short-term inflation expectations fell, reducing wage pressure.