Daly Sees Fed Raising Rates Above 5%, But How Far Is Unclear
Two Federal Reserve officials said Monday that the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
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### Instruction: Daly Sees Fed Raising Rates Above 5%, But How Far Is Unclear

### Response: Two Federal Reserve officials said Monday that the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.