1317 ET - San Francisco Federal Reserve President Mary Daly said she wouldn't be surprised if the market pricing is for zero interest rate cuts this year amid the oil shock. Daly said in the March Summary of Economic Projections, the median of policymakers projected one cut for this year. But now, Daly said "I wouldn't be surprised if the market pricing is for zero cuts this year," speaking at the UC Berkeley's Fisher Center for Real Estate & Urban Economics' Spring 2026 Policy Advisory Board meeting. She says that reflects expectations that the oil shock persists at least through the end of this year. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
April 17, 2026 13:17 ET (17:17 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments