Low impact

San Francisco Fed President Mary Daly said the Fed will likely need further rate hikes to curb inflation, but signaled no hike needed at the October 27-28 FOMC meeting.

Reuters10/15, 10:40 AM

Figures as quoted by Reuters

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

USD
Would push up
WeeksMedium confidence
Daly's signal that further hikes are likely keeps medium-term rate support for the dollar intact

What could change this

If other Fed officials or upcoming data push back against further hikes, this tightening bias could fade.