Fed's Goolsbee: We have a pretty significant inflation problem
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We have a pretty significant inflation problem The job market is stable I'm most attuned to the inflation side of the dual mandate Fed's Goolsbee isn't a voter this year and he's been leaning on the hawkish side for quite a while, so his remarks are not surprising at all. The mos
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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.