Fed’s Goolsbee hesitant on December rate cut amid inflation concerns By Investing.com
Update: 2025-11-03
Description
Federal Reserve official Austan Goolsbee shares his insights on interest rates, inflation, and the job market in early November. He signals a higher bar for rate cuts, expecting rates to eventually lower but not rushing the process. Goolsbee highlights the unusual situation of low hiring and firing rates, describing the hiring rate as a weak spot. Despite this, job market indicators remain steady. The economy is seen as strong, with consumer spending driving growth. The Fed is cautiously monitoring inflation and the job market before making any rate changes.
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