Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.
Chicago Fed President Austan Goolsbee observed early signs of relief in US services inflation. However, he noted that core price pressures remain elevated, indicating persistent inflation concerns. Goolsbee emphasized data dependence for future policy decisions, identifying…
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