-
Chicago Fed’s Goolsbee says he’s cautious about further rate cuts during shutdown
Chicago Federal Reserve President Austan Goolsbee on Thursday expressed hesitation about lowering interest rates further because the government shutdown has resulted in a blackout on key inflation data. While Goolsbee has otherwise been an advocate for gradually lowering rates, the central bank official said during a CNBC interview that he has concerns over the lack of important price reports, particularly with general inflation recently trending higher. “If there are problems developing on the inflation side, it’s going to be a fair amount bit of time before we see that, where if it starts to deteriorate on the ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. “October’s pace of job cutting was much higher than ...
<=USD>:*FED'S GOOLSBEE: INDICATORS SHOW A LOT OF LABOR MARKET STABILITY *GOOLSBEE: I STILL THINK THERE IS MILD COOLING IN LABOR MARKET FED'S GOOLSBEE: MOST OF LABOR MARKET INDICATORS SHOW STABILITY IN MARKET -- CNBC INTERVIEW SHOULD BE CAREFUL TAKING PAYROLL JOB NUMBER DROP AS AN INDICATOR OF JOB MARKET MILD COOLING IN LABOR MARKET UNEMPLOYMENT RATE BASICALLY UNCHANGED A LITTLE DOWNSIDE RISK TO LABOR… FED'S GOOLSBEE: I MAYBE RELUCTANT TO CONTINUE THE RATE CUTTING CYCLE. GOOLSBEE: VERY LITTLE PRIVATE SECTOR INFORMATION ABOUT INFLATION, WILL SOME TIME BEFORE WE SEE ANY PROBLEMS MAKES ME MORE UNEASY WITH FRONTLOADING RATE CUTS CAN'T COUNT ON INFLATION BEING TRANSITORY CONSUMER SPENDING STRONG, GROWTH IS STRONG GOOLSBEE: FOR DATA TO GO DARK RIGHT AT THE MOMENT WE SAW SERVICES INFLATION RISING IS UNCOMFORTABLE NOT HAWKISH ON RATES SETTLING POINT FOR RATES WILL BE FAIR BELOW WHERE IT IS TODAY
From msn.com | Nov 5, 2025
Gold and silver futures rebounded Wednesday despite a stronger than expected ADP private payrolls report that analysts said showed some stabilization in the job market consistent with a modest softening in labor demand. Private sector payrolls in the U.S. increased by 42,000 after two straight months of declines, according to ADP, whose report is one of the ...
