Fed's Daly: It's still too early to know if Fed is done hiking rates

<p>Daly is a mouthpiece for Powell and her comments aren't quite as dovish as some others we've heard this week. The real question about the Fed is whether they will adopt a more-neutral or explicitly-neutral stance are the upcoming meeting but she doesn't sound like she is there yet (though she isn't far off).</p><ul><li>'Should take our time now and remain vigilant'</li><li>Need to better understand what's happening with the economy and inflation</li><li>Latest data is encouraging</li><li>I'm not thinking about rate cuts at all right now</li><li>Economy needs to cool down a little more</li><li>Further rate hikes are not our 'base case'</li><li>Hearing more and more it is harder for companies to pass along price hikes</li><li>People's fear of recession has faded into the background</li></ul><p>The US dollar is continuing to rise on these comments, which may be a preview of what Powell says on Friday.</p>

This article was written by Adam Button at www.forexlive.com.