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Chicago Fed's Goolsbee calls September inflation discouraging
Original: Chicago Fed's Goolsbee calls September inflation 'discouraging' but favors waiting on more data
Chicago Federal Reserve President Austan Goolsbee described September's inflation figures as discouraging but said policymakers should wait for more data before changing interest rate policy. His comments add to a cautious tone among Fed officials as they weigh whether stubborn price pressures will delay further rate cuts. Markets and analysts are watching upcoming inflation and employment reports for direction.
Why now: Fresh US inflation data is shaping expectations about the Federal Reserve's next interest rate move.
Austan GoolsbeeFederal ReserveChicago Fed
Evidence
- Chicago Fed's Goolsbee calls September inflation 'discouraging' but favors waiting on more data · Yahoo Finance
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