Central Banks
Fed’s Daly Says December Dot Plot Still Good Signal for Rates
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Federal Reserve Bank of San Francisco President Mary Daly said officials’ December projections for interest rates were still a good signal of where borrowing costs are headed after an impressive jobs report Friday.
“The number today on the jobs report was a wow number,” Daly said Friday in an interview on Fox Business. The Fed’s December rate forecasts, which showed a median estimate of about 5.1% at the end of 2023, were “a good indicator of where policy is at least headed,” she added.