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.