More from Fed's Daly: We are likely experiencing a negative demand shock

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Restrictive policy is putting downward pressure on inflationTariffs effects are largely confined to goodsInflation expectations still relatively well anchoredShe's clearly erring on the dovish side and would vote for a rate cut in December if she could. She's not a voter until 2027 though. This article was written by Giuseppe Dellamotta at investinglive.com.