A post by @FirstSquawk on X.

Fed’s Goolsbee said consumer spending has been the main driver of growth. The remark is a broad macro signal rather than a policy decision, with no new rate guidance or inflation figures attached. It matters because consumer demand is the largest component of U.S. GDP and a key input for the Fed’s read on whether growth is running hot enough to complicate disinflation. Watch next for incoming retail sales, personal spending and PCE inflation data, plus further Fed commentary, to see whether officials treat resilient consumption as a reason to hold rates longer.