Austan Goolsbee

Chicago Federal Reserve President Austan Goolsbee warned Tuesday that April’s softer inflation reading may be misleading, calling it possibly the "last vestige" of pre-tariff pricing, with more substantial upward pressure likely to appear in the coming months. Speaking during a moderated Q...

Austan Goolsbee, President of the Chicago Federal Reserve, says that recent tariff threats from President Donald Trump have complicated the Federal Reserve’s policy, potentially delaying changes to interest rates. What Happened: In an interview with CNBC on Friday, Goolsbee indicated that...

Chicago Federal Reserve President Austan Goolsbee has underlined the need to wait for policy action on tariffs before jumping to any “action,” while agreeing with Treasury Secretary Scott Bessent‘s comments on the central bank’s independence being like a “jewel box...

Chicago Fed President Austan Goolsbee suggested that the central bank needs to be a steady hand and avoid overreacting, as rising trade tensions, shaky business confidence and stubborn inflation complicate the outlook for interest rates. In an interview with CNBC Friday, Goolsbee indicated that the...

Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision. Investors have further bolstered their rate-...

A stronger-than-expected September Consumer Price Index (CPI) report has not shifted the overall market narrative of continued disinflation, nor has it altered expectations for a potential interest rate cut in November. Headline inflation came in slightly above forecasts. However economists and...

The imminent release of the September consumer price inflation report is keeping sentiment guarded as the index futures trade modestly lower early Thursday. Traders may have to navigate past the September consumer price inflation report and the weekly jobless claims data, both of which have...

See-sawing mood persists on Wall Street as the index futures point to a marginally lower start on Wednesday after the tech-led rebound witnessed in the previous session. Nvidia Corp. (NASDAQ:NVDA) is advancing in premarket and the rest of the big techs were just about higher. Commodities are...

Traders are cautiously optimistic ahead of the all-important payrolls report, with the index futures narrowly mixed in early Friday. The suspension of the Longshoremen’s strike removes one of the overhangs even as the Middle East tensions rage unabated. The September job gains could have a...

Chicago Federal Reserve President Austan Goolsbee hinted at a series of interest rate cuts over the next 12 months in a discussion at the Economic Club of Minnesota on Monday. “We have a long way to come down to get the interest rate to something like neutral,” Goolsbee said,...

U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts. The tech space could get a lift from a potential lifeline for struggling Intel Corp. (NASDAQ:INTC) and traders may also look ahead to Micron Corp....

Wall Street appears on track to build on gain as expectations concerning a continued moderation in inflation and soft-landing gain ground. The major index futures point to a modestly higher open on Friday as the S&P 500 and the Nasdaq Composite indices look to extend their six-day winning run....

San Francisco Federal Reserve President Mary Daly expects a cut to interest rates at some point this year. "Policy adjustments will be necessary in the coming quarter,” she said during a forum in Hawaii. “How much that needs to be done and when it needs to take place, I think that's...

Expectations for future interest rates were dramatically altered after disappointing labor market data sent warning signals across Wall Street. The pace of non-farm job creation slowed significantly last month, with only 114,000 jobs added, a sharp drop from 179,000 in June and well below the...

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth...