Fed’s Goolsbee: Hopes Concerning Inflation Data Is Only Temporary
According to a report by Jinse Finance, Federal Reserve official Austan Goolsbee stated that although some recent inflation data has exceeded expectations, there is also a "concerning" data point, and he hopes this is only a temporary phenomenon. He said, "The last inflation report showed that service sector inflation has indeed started to surge, and this may not be driven by tariffs." "This is a dangerous data point, and I hope it is just a brief episode." Goolsbee noted that, in his view, the Federal Reserve's policy meeting in September "feels like a live meeting." Goolsbee made these remarks as the Fed faces increased scrutiny and demands for rate cuts from the Trump administration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mining company American Bitcoin, linked to the Trump family, achieves profitability in Q3 with revenue doubling
BitMine appoints Chi Tsang as CEO and adds three new board members
Trending news
MoreData: In the past 24 hours, total liquidations across the network reached $1.341 billions, with long positions liquidated for $1.164 billions and short positions liquidated for $177 millions.
Data: 9.0012 million TRX were transferred from FarFuture to a certain exchange, valued at approximately $2.6673 million.
