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Fed's Daly signals more rate hikes likely amid strong job growth and persistent inflation.

Market News
06 Nov 2026, 20:42 WIB
CNBC
View Source
Neutral
Fed's Daly signals more rate hikes likely amid strong job growth and persistent inflation.

San Francisco Fed President Mary Daly said the Federal Reserve will likely need to raise interest rates further to combat inflation, despite a strong October jobs report showing 165,000 new jobs and a lower unemployment rate of 4.1%. While the job market remains stable, Daly highlighted that wage growth is not keeping pace with inflation, which continues to burden American households. The Fed is taking a cautious approach, waiting for more data before deciding on the timing and size of future rate hikes, but Daly is prepared to act if necessary to control inflation.

San Francisco Fed President Mary Daly's comments on likely higher interest rates come as a backdrop to today's Financials sector trading on Pluang, where 59 of 142 US stocks rose and 83 fell. Notable movers include MARA (Marathon Digital Holdings Inc) up 5.70% with a 40% Sell / 60% Buy order split, MRX (Marex Group Limited Ordinary Shares) up 5.68%, and GLXY (Galaxy Digital Inc. Class A Common Stock) up 5.32% with 100% Buy orders. This snapshot is as of Nov 07, 2026 01:41 WIB.

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