Reported about 7 hours ago
Austan Goolsbee, President of the Chicago Federal Reserve, indicated that the Fed is currently in a transition phase, moving from a focus on reducing inflation to balancing inflation and unemployment rates. Following a robust jobs report, expectations for a significant rate cut have been tempered as Goolsbee emphasizes the importance of timing during this transitional period and acknowledges the impact of external factors such as strikes and geopolitical issues on the Fed's decisions.
Source: YAHOO