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Daly says the case for a 50 basis point Federal Reserve rate hike has ‘grown up’

The next meeting of the Federal Open Market Committee will take place on May 3-4.

Daly quoted in financial media, saying rising inflation and a tight labor market strengthen the case for a half-point hike in May.

  • The file for 50, barring a negative surprise between now and the next meeting, has grown”

Many FOMC members are scrambling to argue for a 50 basis point hike. The intention is that if it happens at the next meeting, it won’t surprise anyone.

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