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Fed's Daly backs December rate cut, citing labor market, WSJ reports

BY Reuters | ECONOMIC | 11/24/25 03:11 PM EST

Nov 24 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly supports lowering interest rates at the central bank's meeting next month as she sees a deterioration in the job market, she told the Wall Street Journal in an interview published on Monday.

"On the labor market, I don't feel as confident we can get ahead of it," she told the Journal. An inflation breakout, by contrast, is a lower risk given how tariff-driven cost increases have been more muted than anticipated earlier this year, she added, the newspaper reported. (Reporting by Mihika Sharma in Bengaluru; Editing by Leslie Adler)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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