Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Austan Goolsbee, President of the Chicago Federal Reserve, expressed optimism regarding the U.S. economy following better-than-expected Personal Consumption Expenditures (PCE) data. He indicated that the nation is on track to achieve a 2% inflation target, which has contributed to a rebound in equity valuations and a strong demand for treasuries. Goolsbee's comments have alleviated concerns about a potential interest rate hike in 2025, with projections suggesting a gradual decline in interest rates over the next 12 to 18 months. This positive sentiment has led to a sharp recovery in U.S. stocks, which soared after the release of the tame inflation data and Goolsbee's dovish remarks.
Chicago #Fed president reveals the ‘big’ economic story from 2024 Chicago Federal Reserve Bank president Austan Goolsbee shares his analysis on the U.S. economy and the stock market on ‘Your World.’
Fed's #Goolsbee: My projections were for a little more shallow rate-path in 2025 In an interview with CNBC on Friday, Federal Reserve (#Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was 'nice' to get an…
20-12-2024: #US stocks soared Friday after tame inflation data and dovish comments from the Fed's Austan Goolsbee. Goolsbee said he expects interest rates to continue to decline over the next 12-18 months. Investors are closely monitoring a potential government shutdown and a… https://t.co/uGCeDY4Hwf
