- Analytics
- News and Tools
- Market News
- Fed's Goolsbee: There's still some potential for a soft landing
Fed's Goolsbee: There's still some potential for a soft landing
“Fear with rising unemployment is that once joblessness starts to rise it ‘goes way up’,” said Federal Reserve Bank of Chicago President Austan Goolsbee while participating in a conference hosted by the Federal Reserve Bank of Atlanta, together with Atlanta Fed President Raphael Bostic.
Also read: Fed's Bostic: Pressure on Fed will be “enormous” if unemployment starts to rise, inflation remains sticky
Key comments
Wages are not a leading indicator of inflation.
'A chance' can get rid of inflation without a recession.
Market reaction
Even if Fed’s Goolsbee fails to amplify hawkish comments from Atlanta Fed President Bostic, the tone of the statements appears positive for the US Dollar. However, the US Dollar Index (DXY) remains unimpressive as bulls take a breather around 102.70 after reversing the week-start gains.
Also read: Forex Today: Higher US yields, risk aversion lead to a stronger US Dollar
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
