Mary Daly, San Francisco Fed head, says more hikes possible
Business
Mary Daly, head of the San Francisco Federal Reserve, says more interest rate hikes might be on the table to fight stubborn inflation.
She told CNBC that the Fed is being careful and weighing all factors before making any moves, especially since they held off on raising rates last week.
US jobs rise wages lag inflation
The US added 165,000 jobs in October and unemployment dipped to 4.1%, beating expectations.
Still, Daly pointed out that while jobs are growing, wages rose just 3.1%, not enough to match September's 3.7% inflation.
That means many people's pay isn't stretching as far as prices keep climbing.
The Fed will meet again to figure out its next steps.