Fed’s Goolsbee: Labor market is steady, inflation side of Fed’s job is more important
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Fed’s Goolsbee spoke to Fox Business Network about the labor market, inflation and the policy outlook: Labor market is steady. The inflation side of the Fed’s job is more important. Plenty of room for anything on the table as far as rate hike or pause. Open to seeing if we get ev
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The desk interprets the recent commentary from Fed's Goolsbee as indicative of a stable job market amidst persistent inflation concerns. Per the full note [source], Goolsbee emphasized that while the job market shows no signs of significant deterioration, inflation remains problematic, having reversed its downward trend. This nuanced view suggests that the Fed may need to maintain a vigilant stance on inflation, which could influence future monetary policy decisions. Our consensus target for the EUR/USD is 1.075, with a range of 1.04 to 1.12, reflecting a cautious outlook amid these mixed signals.
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