EconomyDaly says Fed may need further rate hikes despite ‘painful’ tech-stock slide
San Francisco Fed President Mary Daly said Friday that the US central bank will likely need to raise rates further to bring down elevated inflation. She also described technology stocks’ repricing, as investors reassess risks to AI-driven demand growth, as painful but orderly.
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Reuters★★★☆☆2026-11-06 20:25Original
Daly says Fed may need further rate hikes despite ‘painful’ tech-stock slide
Economy