Federal Reserve's Daly: Rate hikes may be necessary, but not imminent.

San Francisco Fed President Mary Daly said Wednesday that the Federal Reserve may need to raise short-term interest rates further to curb elevated inflation, but she noted there is no need to take such action at the Fed’s Oct. 27-28 policy meeting. “We will very likely need to make further adjustments, but as for the timing of those adjustments, I think we are still weighing it,” Daly said. “I don’t think there’s a need to rush a decision when we have limited information. I believe we have enoug

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