A post by @FirstSquawk on X.

Fed Reserve Bank of Chicago President Austan Goolsbee said the job market remains steady and stable, describing business spending as sensitive to interest rates and inflation as driven by both cost and demand factors. The remarks, reported via First Squawk, offer no new numeric targets or policy signals, leaving investors to infer the Fed's reaction function from his framing of labor conditions and price pressures. His emphasis on rate-sensitive business spending suggests investment decisions could respond to any shift in borrowing costs, while the dual cost-and-demand characterization of inflation keeps the policy debate focused on how much of price growth is persistent. Markets will watch upcoming employment and inflation data, along with further Fed commentary, for clearer direction on the rate path.