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Goolsbee said services inflation was a concern and urged focus on the inflation trend rather than one report. He said contacts report cost and price pressures but not worries about recession, and hopes energy inflation will fade soon.
Fed's Goolsbee: The economy has work to do on the inflation side
Moody’s Analytics Chief Economist Mark Zandi cautioned that forecasts for consumer spending lack solid fundamentals, stating his growing unease over wage stagnation, dwindling savings, and rising borrowing costs. Pushback on Consumer Resilience During the latest Inside Economics podcast, Zandi challenged the prevailing
U.S. stock futures declined on Monday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Friday’s higher close. This tracked a sharp sell-off across Asian equities as surging U.S. Treasury yields and volatile crude prices weighed heavily on risk assets. Meanwhile, oil prices climbed after President Dona
Sept 24 (Reuters) — For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY This Diary is filed daily. ** Indicates new events Thursday, Sept
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Oil near $100 a barrel would normally look like the beginning of an economic problem. Instead, the U.S. stock market is near records, artificial-intelligence investment remains robust and economic growth is holding up. That contradiction may be the most important feature of the current energy crisis. Bank of America co
Chicago Fed President Austan Goolsbee said rapid AI data-center expansion is creating pressure on construction labor and equipment and could add to services inflation, raising overheating risks.