Federal Reserve Bank of San Francisco President Mary Daly said the US central bank may hold interest rates longer than anticipated due to inflation risks, but could yet cut later this year.

San Francisco Federal Reserve President Mary Daly said on Friday that while she is still comfortable with a couple of interest rate cuts this year, rising risks of inflation mean the central bank may need to do less,

Jobless and labor data isn't bad enough to warrant the Federal Reserve making another interest rate cut — yet.