Federal Reserve Bank of San Francisco President Mary Daly has expressed confidence that the next interest-rate cut is more likely to occur in the fall. This prediction came during an interview on CNBC, where Daly stated that policymakers would gather again in July but felt a bit more information and clarity were needed before making a decision then. According to Daly, businesses will be watching closely for resolution by the fall, suggesting that a rate cut may become more feasible at that time.
Source: https://www.bloomberg.com/news/articles/2025-06-20/fed-s-daly-says-next-rate-cut-more-likely-in-the-fall