Mary Daly

Money Moves

Said on Nov. 6 that the Fed will likely need to tighten policy further

The Federal Reserve held its benchmark rate at 3.75% to 4% on Oct. 28, a pause after September's quarter-point increase, the first hike since 2023. A stronger-than-expected October jobs report on Nov. 6 pushed traders to price about an 80% chance of another quarter-point increase at the Dec. 8-9 meeting, up from roughly 67% a day earlier.

Updated Yesterday