Reported about 14 hours ago
Chicago Fed President Austan Goolsbee stated he is undecided about a potential interest rate cut in December due to ongoing inflation concerns and the lack of critical economic data during the government shutdown. While he noted stability in the unemployment rate at 4.3%, he expressed caution, emphasizing the need to monitor inflation trends before making policy decisions. Other Fed officials echoed his sentiments, highlighting the difficulty of formulating monetary policy without comprehensive data.
Source: YAHOO