Mary Daly

Despite President Donald Trump‘s persistent criticism, Federal Reserve Chairman Jerome Powell is not rushing to cut interest rates. What Happened: Trump has been outspoken on social media, referring to Powell as “Mr Too Late” and “a major loser” for what he sees as a...

As President Donald Trump initiated a tariff plan that many critics label stagflationary, key figures in the Federal Reserve, including Mary Daly, president of the Federal Reserve Bank of San Francisco, signaled that the central bank might delay further rate cuts. Daly, speaking at a moderated...

Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision. Investors have further bolstered their rate-...

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the sixth consecutive week. With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the...

Wall Street mood has become circumspect as traders gear up to receive a slew of earnings reports this week amid the market’s record run. The Nasdaq Composite has been a laggard among the major averages and it remains to be seen if the early sentiment reverses and tech stocks could finish the...

U.S. stocks could continue to push higher as traders factor in a boost from Nvidia Corp.’s (NASDAQ:NVDA) quarterly results. The index futures were modestly higher in early trading. The durable goods orders report that is scheduled to be released ahead of the market could be sifted by traders...

San Francisco Federal Reserve President Mary Daly expects a cut to interest rates at some point this year. "Policy adjustments will be necessary in the coming quarter,” she said during a forum in Hawaii. “How much that needs to be done and when it needs to take place, I think that's...

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth...

Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day...

U.S. stocks are stubbornly holding onto their upward momentum, as evidenced by the gains for the index futures early Tuesday. The small-cap rally reflects market hopes that the Fed is getting closer to interest-rate cuts. Bond yields are slipping back amid the expectations. San Francisco Federal...

The latest inflation data shows that it’s still too premature to know when it will be the right time for the Federal Reserve to lower interest rates. Federal Reserve Bank of San Francisco President Mary Daly spoke to CNBC on Friday soon after the Commerce Department released its latest update...

The major index futures pointed up on Friday, potentially reacting to the outcome of the first presidential debate between the two presumptive 2024 candidates. Most experts view a victory for former President Donald Trump as a positive for the market, given his inclination toward deregulation and...

The U.S. market is on track to open Monday’s session on a firmer note after retreating from its record high in the final two sessions of last week. Potential clues on the near-term rate outlook from Federal Reserve officials’ speeches could potentially move stocks. The tech rally will...

Index futures point to a slightly higher opening for the market on Tuesday after the long Memorial Day weekend. This week marks a significant change, as the settlement cycle transitions from T+2 to T+1. The Securities and Exchange Commission expects this shift to reduce risks...

Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a...