Published Nov 6, 2026, 1:24 PM ET · Updated 7 days ago · 3 sources
Daly says Fed rate hike likely, despite 'painful' tech-stock dive
reuters
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Original Report
INFERY
Federal Reserve Bank of San Francisco President Mary Daly said on Friday she feels the US central bank will likely need to raise rates further to bring too-high inflation down, even as she acknowledged what she called the "painful" but orderly repricing of technology stocks as investors reassess the risks to AI-driven demand growth.