Economic TimesLean R·
US Stock Market: Fed's Goolsbee sees early signs of relief in services inflation, says core price pressures remain elevated
Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.
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