Fed’s Daly signals further policy tightening amid inflation concerns

Federal Reserve Bank of San Francisco President Mary Daly signaled that further policy tightening may be needed as inflation remains a key concern. The prospect of additional tightening could slow economic growth, raise borrowing costs, and ripple through global markets. The signal matters for risk assets, including crypto, which have been sensitive to expectations about the Fed’s rate path. What to watch next is incoming inflation data and Fed communications for clarity on the pace and timing of further moves.