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Fed's Goolsbee: PPI data is the most noisy, and least predictive; don't take too much heart from it
— FinancialJuice (@financialjuice) January 12, 2024FED'S GOOLSBEE: PPI DATA IS THE MOST NOISY, AND LEAST PREDICTIVE; DON'T TAKE TOO MUCH HEART FROM IT - FOX NEWS INTERVIEW.
Added at 4:45pm
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— FinancialJuice (@financialjuice) January 12, 2024FED'S GOOLSBEE: THE FED TARGETS PCE, WHICH CONTINUES TO SHOW GOOD PROGRESS ON GETTING INFLATION DOWN.
Added at 4:46pm
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— FinancialJuice (@financialjuice) January 12, 2024FED'S GOOLSBEE: A SUBSTANTIAL DROP IN INFLATION IS THE TREND.