Fed's Daly: Not prepared to say what hike Fed should do at Dec. FOMC

Further to earlier comments, San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December Federal Open Market Committee.

Further comments

Not taking anything off the table for Dec.
At some point, it will be right for Fed to slow the rate hike pace.
Can hike beyond 5% if inflation data doesn’t cool.

US Dollar update

The US Dollar advanced against most major currencies on Monday due to fresh COVID-19 curbs in China fuelled worries over the global economic outlook and boosting the greenback, which is seen as a safe haven in times of stress:

• US Dollar bulls bounce back to life, eye 50% mean reversion and beyond