San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise interest rates at least another percentage point, and possibly more, before it can pause to evaluate how the inflation fight is going. Thus far, the Fed has hiked the fed funds rate, which spills over into a slew of other consumer debt products, six times, including four consecutive 0.75 percentage point moves. Traders see the central bank adding another 0.5 percentage point when it meets again in mid-December, then moving a bit higher before stopping around the 4.75%-5% range. The Fed is using its primary tool of interest rate increases to right inflation that still is around its highest level in more than 40 years. Daly said she expects higher rates to continue to have an impact on the economy and bring inflation back in line.

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