Breaking news
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee participates in a fireplace chat about the economic outlook and monetary policy at the National Association of Voice Treasurers Annual Conference in Chicago.
Breaking news Key takeaways
“Many more rate cuts are doubtless wished over the next year, rates must reach help down severely.”
“I’m happy with the Fed’s 50 bps rate prick help, it reveals the Fed is centered on dangers to employment, now not appropriate inflation.”
“Keeping rates at decade-high does now not design sense for individuals who need issues to terminate where they are.”
“The jobless rate is at ranges many take into myth as elephantine employment.”
“Labor market deterioration assuredly occurs fleet.”
Market response
The US Buck (USD) extends its intraday disappear following the news, with the US Buck Index now hovering at around 100.90.
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