Fed’s Daly sees no case for rate hike this year: WSJ interview

SAN DIEGO (Reuters) – The Federal Reserve probably will not need to raise U.S. interest rates this year, given a slowdown in economic growth and muted inflation, San Francisco Fed President Mary Daly told the Wall Street Journal in an interview published on Friday.

“If the economy evolves as I just said I expect it to — 2 percent growth, 1.9 percent inflation, no sense that (price pressures are) going up, no sense that we have any acceleration — then I think the case for a rate increase isn’t there” this year, Daly said, according to the paper.

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