WS #17054
Holding: newest synthesis is 1d 16h old
Federal Reserve Bank of San Francisco President Mary Daly stated that more interest rate increases are likely needed to tame inflation, though the magnitude remains unclear. This hawkish stance reinforces the 'higher for longer' narrative, pressuring growth stocks and high-multiple assets while benefiting financials with improved net interest margins.
Fed Rate Hike Expectations
Federal Reserve Bank of San Francisco President Mary Daly stated that more interest rate increases are likely needed to tame inflation, though the magnitude remains unclear. This hawkish stance reinforces the 'higher for longer' narrative, pressuring growth stocks and high-multiple assets while benefiting financials with improved net interest margins.