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Fed Officials Keep Focus On Inflation As Goolsbee Warns Price Pressures Remain High
He said recent price gains are still too high and declined to predict the next move on rates after core PCE rose 3.4% in May, officials said.
9 Articles
9 Articles
The president of the Federal Reserve (Fed) district of Chicago, Austan Goolsbee, said he sees positive signs in the most recent inflation report, but stressed that price pressures remain high. The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation indicator, rose 4.1% in May on an annual basis, the largest increase since April 2023, and well above the 2% target. "Not everything was negative in this inflation repo…
·Brazil
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Fed's Goolsbee sees glimmer of hope in latest inflation data
·New York, United States
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The president of the Chicago Fed admits timely improvements, but warns that consumption can still reactivate price pressures.
Coverage Details
Total News Sources9
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
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