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Chicago Fed's Goolsbee says he's cautious about further rate cuts during shutdown

1. Goolsbee hesitant to lower interest rates due to inflation data blackout. 2. Chicago Fed's inflation indicators show rising general inflation concerns. 3. Core inflation trends at 3.6%, exceeding Fed's 2% target. 4. Unemployment stable at 4.36%, with steady hiring and layoffs. 5. Upcoming FOMC meeting in December will decide rate cut potential.

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FAQ

Why Bearish?

Concerns over inflation and data blackout raise economic uncertainty, similar to 2018 Fed hesitance leading to S&P declines.

How important is it?

The discussion on rate cuts significantly impacts market dynamics; uncertainty is a major concern.

Why Short Term?

Immediate market reactions expected as rate decisions loom and inflation data is uncertain.

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