Fed’s Daly: we have a tendency to see domestic economy that's very solid

San Fransico Fed President Blessed Virgin Daly is back on the wires currently, now speaking in an exceedingly Bloomberg interview.

Key Quotes:

We see domestic economy that's very solid. 

Looking fastidiously at business investment.

Fed has tools necessary to try and do its job.

Need to be thoughtful regarding reaching inflation and jobs goals.

I don't take into account political problems as a influential person.

Markets closely watch the Fed comments, as attention turns towards the all-important September Fed meeting. Markets area unit evaluation in an exceedingly 25bps rate cut next month amid growing trade and recession fears, as indicated by the recent U.S.A. yield curve inversion.

At the press time, the Treasury yields area unit losing 1 Chronicles to one.80% across the curve, as risk-off persists when a US Navy destroyer entered close to islands claimed by China within the South China ocean on weekday.