Fed’s Goolsbee calls inflation report ‘borderline disturbing’ amid rate hike talks

Federal Reserve Bank of Chicago President Austan Goolsbee called the latest inflation report “borderline disturbing” as policymakers weigh further rate hikes. The remark signals that Fed officials remain uneasy about price pressures even as they debate how much further to tighten monetary policy. His comments could influence rate decisions globally, including in countries such as Canada, where monetary authorities are navigating economic uncertainty. The stance matters for risk assets, which have been sensitive to expectations about the path of interest rates. Investors will watch upcoming inflation data and Fed commentary for signals on whether additional hikes are likely.