Fed's Daly: Risks over overtightening and undertightening are 'about balanced'

<ul><li>Two more rate hikes this year is a 'very reasonable' projection</li><li>Two more hikes is only a projection, we don't know for sure</li><li>Prudent to slow the pace of hikes as we approach destination</li><li>Says she strongly supported June decision to hold rates and watch the data</li><li>Community contacts are worried housing has hit a bottom and that rents are reaccelerating</li><li>Credit tightening so far is consistent with what would have been expected without March banking turmoil</li><li><a href="https://www.forexlive.com/terms/i/inflation/">Inflation</a> expectations and frequency and magnitude of prices changes are both on a downward trajectory</li></ul><p>Daly spoke with Reuters and these comments are in-line with what Powell has been saying. That's not a surprise as Daly is basically a Powell parrot. </p>

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