CNBC
06 Nov 2026, 18:42 UTC · 1h ago
San Francisco Fed President Daly says higher rates 'are likely to be needed' in inflation fight
Impact · against what's priced in
The outlook for equities is weighed down by SF Fed President Mary Daly's signal that further interest rate hikes are likely needed to combat persistent inflation. This hawkish stance, supported by stronger-than-expected October jobs data, threatens to increase borrowing costs and compress valuation multiples across the market.
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