In an interview with CNBC on Thursday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that inflation came in around expectations with an improvement on the housing front, per Reuters.
Key takeaways
"Overall trend is clearly that inflation has come down a lot."
"Job market has cooled to a level of full employment."
"We've shifted now to a more normal, balanced-risk environment."
"We have to think about both sides of Fed mandate."
"It's been a series of close-call type meetings."
"Probably will be more close Fed meetings."
"We want to not get ahead, or behind."
"Still got a lot of data coming in, trying to figure out what's going on, nothing's ever not on the table."
"Fed minutes at moments of transition often show diversity of thought at the Fed."
"Fed has to take longer view."
"Fed projections show vast majority believes over next 12-18 months conditions continue to improve, rates gradually come down a fair amount."
"Data-dependent doesn't mean basing decisions on last month's data, need longer through line."
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was unchanged on the day near 102.90.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD regains traction and retargets 1.1000
The US Dollar accelerates its decline in the epilogue of the NA session on Tuesday, lending broad support to the risk-linked space and sending EUR/USD to the 1.0980 region, near daily peaks.
GBP/USD challenges daily tops around 1.2800
GBP/USD maintains its renewed bullish stance on Tuesday, trading at shouting distance from the key resistance at 1.2800 the figure on the back of the marked losses in the Greenback.
Gold erases gains, back to the $2,980 zone
Gold prices now lose extra ground and slip back to the area of daily troughs near $2,980 mark per troy ounce following an unsuccesful attempt to maintain the trade above the critical $3,000 level earlier in the day.
Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity
James Murphy, a cryptocurrency lawyer popularly known to his followers on X as "MetalLawMan," has filed a lawsuit in a D.C. District Court against the Department of Homeland Security (DHS). He intends to uncover the real face or faces behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The Fed is looking at a hefty price level
We are still in thrall to tariffs, the faux-macro “data” driving markets. The WSJ editorial board advised other countries to take their tariffs to zero so that Trump’s “reciprocal” tariffs will have to be zero, too. Cute, but no cigar.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.