Fed’s Goolsbee: Data still noisy as Fed waits to understand tariff impacts | Metals Mine

  • Fed’s Goolsbee: Data still noisy as Fed waits to understand tariff impacts

    From cnbc.com

    Data showing temperate consumer inflation in April does not necessarily reflect the impact of rising U.S. import tariffs, with the Federal Reserve still needing more data to discern the direction of prices and the economy, Chicago Fed President Austan Goolsbee said on Wednesday. Consumer prices rose a less-than-expected 2.3% in April, for the smallest annual increase in four years, but the headline number was held down by falling food prices, which can be volatile from month to month. Excluding food and energy, so-called “core” inflation was 2.8%, the same as in March. “There are moments of a lot of dust in the ... (full story)

Comment Options
Luxyus
May 14, 2025 10:18am
Permalink
right
PXDTrader
May 14, 2025 11:37am
Permalink
I understand to wait myself and other retailers like me, otherwise I do not see why I cannot work at the FED and wait on very big salary. It is clear that these guys are laughing on us instead to do their job: To use the tools that they have (if they know how to use them) and to run simulations in different conditions (if they know how to do them), and come with the right results. The truth is that the FED itself has no reason to drop the rates, as they are making huge money from what they loan. much more than any bank.
Reply
Trader#6216
May 14, 2025 1:42pm
Permalink
Quoting PXDTrader
I understand to wait myself and other retailers like me, otherwise I do not see why I cannot work at the FED and wait on very big salary. It is clear that these guys are laughing on us instead to do their job: To use the tools that they have (if they know how to use them) and to run simulations in different conditions (if they know how to do them), and come with the right results. The truth is that the FED itself has no reason to drop the rates, as they are making huge money from what they loan. much more than any bank.
The Fed Governor's don't wait to trade infront of Fed purchases beforehand.
Reply
Trader#40C5
May 14, 2025 10:46am
Permalink
Oh, waiting for 'transitory' data this time too?
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats