A post by @FirstSquawk on X.
FED’S GOOLSBEE, ON PBS NEWSHOUR, SAYS THE U.S. FACES A GENUINE INFLATION CHALLENGE, THAT CPI WAS “BORDERLINE TROUBLING” ON INFLATION, AND THAT HIS BIGGEST CONCERN IS SERVICES INFLATION REMAINING HIGH AND EMERGING WIDESPREAD PRICE…
@FirstSquawk on X
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Chicago Fed President Austan Goolsbee said on PBS NewsHour that the U.S. faces a genuine inflation challenge, calling the latest CPI reading "borderline troubling" on inflation. Goolsbee identified services inflation remaining high and broadening into widespread price overheating as his biggest concern. The remarks signal continued caution from a Federal Reserve official even as markets weigh the path for interest rates. Traders will watch upcoming services-sector price data and Fed communications for confirmation of whether disinflation is stalling.
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Named in this story
Austan Goolsbee, Federal Reserve, CPI, PBS NewsHour