FED’S DALY SAYS THE U.S. HAS A STABLE LABOR MARKET, POSITIVE GROWTH, PRODUCTIVITY GROWTH AND HIGH INFLATION, AND THAT THE FED HAS TO FOCUS ON BRINGING INFLATION DOWN, WARNING THAT INFLATION IS BLEEDING INTO SERVICES AND THAT ONCE SERVICES INFLATION RISES IT IS STICKY

Federal Reserve Bank of San Francisco President Mary Daly characterized the U.S. labor market as stable, with positive growth and productivity gains, while acknowledging inflation remains elevated. She argued the central bank must keep its focus on bringing inflation down, warning that price pressures are spreading into the services sector. The message points to a hawkish-leaning stance: sticky services inflation tends to keep policy rates higher for longer, which supports the dollar and pressures rate-sensitive assets through the real yield channel. Front-end Treasuries and rate-sensitive equities, particularly long-duration growth names and housing-linked sectors, are most exposed to any repricing of the path toward cuts. The next key catalyst for traders is the monthly PCE price index and the core services ex-housing reading, which the Fed tracks most closely for evidence of disinflation progress.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

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