Category: Goolsbee
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Fed’s Goolsbee says policy uncertainty led to his shift on rate-cut path
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(Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday that he now expects a shallower path for interest rate cuts in 2025 than previously, but added that he still believes the U.S. central bank’s key interest rate will fall “by as much as… Hakim” next year. “Policy uncertainty…
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
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I posted earlier: Logan and Bowman are prime candidates to drop the “pause” comments (IMO). None of the topics in any of these speeches seem to lead to observations about economics or politics. Maybe in any question and answer. 1345 GMT/0945 EST: Chicago Fed President Austin Goolsbee delivers opening remarks…
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
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I posted earlier: Logan and Bowman are prime candidates to drop the “pause” comments (IMO). None of the topics in any of these speeches seem to lead to observations about economics or politics. Maybe in any question and answer. 1345 GMT/0945 EST: Chicago Fed President Austin Goolsbee delivers opening remarks…
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Fed’s Goolsbee: This is a super jobs report
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The end of the port strike is another good news The Fed doesn’t want to interact too much with a single data point If we get more jobs reports like this, we will be more confident that we are stabilizing at full employment A strong jobs report likely means strong…
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More from Goolsbee: Will have discussions about what rate we need to ultimately settle on
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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A strike by dockworkers was expected, and retailers stocked up Retailers have about two weeks of extra inventory, and there will be an impact after that The dockers’ strike may have impacts on the supply chain, which could mean some price increases We have succeeded in reducing the inflation rate…
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More from Goolsbee: Until the rate, falling inflation has meant Fed has been tightening
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Fed’s Goolsbee: Critical challenge is not letting things turn into something worse
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The critical challenge is: not to let things get worse. If you look at the beige book, you can’t look at it as exciting, on the contrary, it was a bit depressing. Points to warning signs about the economy You just want the prices to be that high as long…
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Fed’s Goolsbee: There are some things that are flashing yellow
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Fed’s Goolsbee: Rising unemployment may indicate worsening job market
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Fed’ Goolsbee: I see some warning signs the real economy is weakening
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ICYMI: Goolsbee says it’s worth wondering where we are on our restrictiveness scale
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Highlights what ‘appears to be a cooling in consumer spending’ It is worth asking where we are on our restriction scale If we get more ‘months’ like the last one in terms of inflation, coupled with more weak data, you’ll have to start wondering where we should be on interest…
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Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
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President of the Federal Reserve Bank of Chicago. Goolsbee speaks ahead of his moderated discussion with CNBC Liesman. The Fed’s inflation target is 2% after that as it is based on expectations Short-term inflation expectations are not what matters Unsurprisingly, the one-year forecast was higher At the moment there is…
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Goolsbee and Kashkari: In a wait-and-see mode.
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Minneapolis Fed President. Kashkari: He is cautious about how restrictive monetary policy is The business community does not believe that financial conditions are tight. I’m in wait and see mode An increase in interest rates cannot be ruled out We have seen gains on the supply side of the economy…
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Fed’s Goolsbee: Jobs reports like this will give us confidence the economy not overheating
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The more jobs reports you get this way, the more confident we are that the economy isn’t overheating A bump in inflation hit at the beginning of the year The more we see jobs reports that look like pre-Covid, the more confidence there will be that the economy is not…