Fed's Goolsbee: Inflation hovering around expectations - Breaking The News

Fed's Goolsbee: Inflation hovering around expectations

10 October

1 min read

EPA-EFE/MICHAEL REYNOLDS

Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that the most recent US inflation report came in around expectations. His comment comes just hours after the Bureau of Labor Statistics announced that the country's inflation rate was 2.4%.

Speaking on CNBC, Goolsbee noted that recent Federal Reserve meetings have involved "close call" decisions, signaling that future rate hikes remain possible. He also emphasized that the job market has cooled to a level consistent with full employment, contributing to the Federal Reserve's cautious stance.

He further stated that the central bank is waiting for more economic data before deciding on further actions but clarified that "nothing is ever off the table."

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