Fed's Goolsbee: We're not on the way to 2% inflation and we have to deal with that
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Inflation has spread into categories where prices not driven by energy The jobs market looks stable, if not tightening a bit Rates will eventually go well-below today We have had signs of trouble for several months in a row now Lately we’re not making any progress and if anything
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4 itemsFed's Goolsbee: inflation has not been great. Job market is pretty much stable
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.
Fed's Goolsbee: We have a pretty significant inflation problem
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How have interest rate expectations changed after this week's events?