Barkin: Forecasting Beyond Today’s Data

In the week ending June 21, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 10,000 from the previous week's revised level. The previous week's ...

GOOLSBEE: THE FED NEEDS CLARITY THAT THERE WILL NOT BE AN INCREASE IN INFLATION, AND IF ONE DOES COME THAT IT WILL TRANSITORY HOPE IS THAT THERE WILL NOT BE MUCH INFLATION FROM TARIFFS, BUT THERE NEEDS TO BE A FEW MONTHS OF CLARITY OPTIMISTIC ABOUT RECENT INFLATION READINGS… GOOLSBEE: UNEMPLOYMENT CLAIMS AND OTHER INDICATORS SUPPORT VIEW OF STABLE JOB MARKET PRIOR TO APRIL 2 TARIFFS IT SEEMED THE FED WAS ON SOLID GROUND ON BOTH OF ITS MANDATE GOOLSBEE: IT IS POSSIBLE THAT TARIFFS WILL HAVE ONLY A MODEST IMPACT ON INFLATION IF INFLATION STAYS IN THE RANGE OF 2% AND THE UNCERTAINTY IS RESOLVED THE FED IS ON A PATH TO LOWERING RATES AN EARLY ANNOUNCEMENT BY TRUMP OF POWELL'S REPLACEMENT WOULD HAVE NO IMPACT ON THE… Fed's Goolsbee: An early announcement by Trump of Powell's replacement would have no impact on the Federal Open Market Committee. FED'S GOOLSBEE Q&A/CNBC: CAN EVENTUALLY CUT FF RATES TO AROUND 3% IF ALL THE OTHER FACTORS, INCLUDING TARIFFS, COOPERATE; ENDS Q&A #Goolsbee #FederalReserve #economy

Durable Goods Orders in the United States (US) rose by 16.4%, or $48.3 billion, in May to $343.6 billion, the US Census Bureau reported on Thursday. This reading followed a 6.6% ...