• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

16 January 2025 01:36  |

Fed's Goolsbee: CPI is Encouraging and Discouraging in Equal Measure

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Wednesday shortly after a fresh update to US inflation figures.

Key highlights

I still see continued progress on inflation.

I am optimistic for 2025 on a soft landing.

For the last 6 months, PCE inflation has run close to the 2% target.

There's been an uptick in business confidence and uncertainty since the election.

The CPI report is somewhat encouraging, and somewhat discouraging, in equal measure.

I am wary of the seasonal pattern of inflation.

If Congress and the President begin drafting policies that will raise prices, the Fed has to think about that. What matters is the impact of policies as a whole.

Source : Fxstreet

Related News

FISCAL & MONETARY

BOJ’s Ueda Avoids Giving Clear Hints on Chances of Januar...

Bank of Japan Governor Kazuo Ueda avoided giving a clear signal that he might raise interest rates next month, sticking to hi...

25 December 2024 13:22
MONETARY

Australia's Economy Stays Subdued as Consumers Rein In Spend...

Australia's economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated b...

4 September 2024 08:55
FISCAL & MONETARY

BOE’s Bailey Says UK Inflation Cooling Faster Than Expecte...

Bank of England Governor Andrew Bailey said disinflation in the UK is happening faster than officials had anticipated, the ...

24 October 2024 05:14
FISCAL & MONETARY

BOJ Holds Rates as Unstable Politics Raises Uncertainties

The Bank of Japan kept its benchmark interest rate unchanged after uncertainties increased over the outlook for the economy a...

31 October 2024 10:12
BIAS23.com NM23 Ai