Low impact

Fed's Daly said more interest rate hikes are likely, with the timing still under consideration.

Market impact

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

USD
Would push up
DaysMedium confidence
Fed official signaling more likely hikes supports USD if the hawkish tone is echoed by other policymakers
Gold
Would push down
DaysMedium confidence
Hawkish Fed tone and high inflation risk can pressure Gold via firmer expected real yields

What could change this

If other Fed officials sound less hawkish or upcoming data points to a cooling economy, the USD-supportive read weakens.