Fed's Goolsbee (2023 voter, dove) says of all pieces of data, housing inflation is most paramount and market-based inflation expectations have been anchored, according to Marketplace Radio interview
Says:
- Have some concerns about keeping rates too high for too long.
- Once you believe you are on the path to 2% inflation, the amount of restrictiveness needs to be less.
- Data will determine how fast we go.
28 Nov 2023 - 22:04- Fixed IncomeImportant- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts