A post by @FirstSquawk on X.
FED OFFICIALS GOOLSBEE AND BARKIN WARNED OF PERSISTENT INFLATION, WITH AI DATA-CENTER INVESTMENT AND RISING SERVICES COSTS ADDING TO PRICE PRESSURES. GOOLSBEE SAID THE FED MUST ADDRESS INFLATION REMAINING ABOVE ITS 2% TARGET.
@FirstSquawk on X
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Goolsbee said the Fed must address inflation that remains above its 2% target. Barkin backed further rate hikes but urged caution on the pace of tightening. The remarks signal that policymakers see little room to ease soon, keeping borrowing costs elevated for households and businesses. Markets will watch upcoming inflation and services-price data, plus the scale of AI infrastructure spending, for clues on whether price pressures are broadening.
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Named in this story
Federal Reserve, Thomas Barkin, Austan Goolsbee