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Fed’s Goolsbee warns hot CPI unacceptable as services inflation bites - www.tmgm.com
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Fed’s Goolsbee warns hot CPI unacceptable as services inflation bites www.tmgm.com
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4 itemsFed’s Goolsbee warns hot CPI unacceptable as services inflation bites - www.tmgm.com
Fed’s Goolsbee warns hot CPI unacceptable as services inflation bites - www.tmgm.com
Greg Michalowski
Fed's Goolsbee:Inflation is going the wrong way, not just in oil and tariff related things
The desk interprets recent comments from Fed's Goolsbee as indicative of a more hawkish stance on inflation, particularly concerning services inflation. Per the full note [source], Goolsbee highlighted that inflation is not only driven by oil prices and tariffs but is also rising in the services sector, which presents a significant concern. This shift in tone suggests that the Fed may need to maintain a tighter monetary policy for longer than previously anticipated. The current consensus among firms indicates a target for the USD at 1.075, with expectations of continued volatility in the FX market as traders digest these insights.
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