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Fed policy should stay restrictive until there's more inflation progress: Daly

"Policy needs to remain restrictive until ... I see that we are really continuing to make progress on inflation," she told a community banking conference hosted by the American Bankers Association in Phoenix, Arizona. With the economy and labor market solid, "we want to be, in my judgment, careful ... before we make the next adjustment" to ensure there is enough downward pressure on inflation, she said. It is expected to keep it there for another couple of meetings as policymakers watch the economic data and begin to assess how the Trump administration's tariff, immigration, tax and other policies may affect inflation and unemployment.

Nigeria Inflation Slows After Data Rejig, Clouds Rates Path

(Bloomberg) -- Nigeria’s annual inflation rate fell in January after the statistics office revised the data used to calculate household expenditure, clouding the interest-rate outlook. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegNYC Restaurants Are Still

S&P 500 ekes out all-time closing high as Fed minutes eyed

The S&P 500 squeaked past its previous record closing high on Tuesday at the top of a holiday-shortened week, with earnings season winding down, U.S. Federal Reserve minutes on tap, and geopolitical uncertainties churning in the background. "There's a little bit of a three-day weekend hangover today," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "At the same time we have the Fed minutes, coming out tomorrow and big retail earnings also coming out later this week," Detrick added.

Treasury Yields Climb as Traders Seek Further Clues on Fed Path

(Bloomberg) -- Treasuries slipped as traders sought further guidance on the path of US interest rates following economic reports last week that muddied their assessment of price pressures.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegNYC Restaurants Are Sti