Fed's Goolsbee calls September inflation 'discouraging', says more bad months would be unacceptable

Chicago Fed President Austan Goolsbee called September's CPI data 'discouraging' and said more bad months would be unacceptable, with service inflation in the report a concern. He favored waiting on more data and focusing on the inflation trend rather than one report, said he is not hearing worries about recession, and hopes energy will fade from inflation data.

Detected & updated continuously · Source: Nebula