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- Fed's Goolsbee: Improved monthly inflation readings feels like path to 2%
Fed's Goolsbee: Improved monthly inflation readings feels like path to 2%
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told Bloomberg TV on Tuesday that the improved monthly inflation readings feel like they are on a path to 2%, per Reuters.
Key takeaways
"Still grappling with housing inflation."
"There are some warning signs in the job market."
"Restrictive rates for too long could be a problem."
Market reaction
The US Dollar (USD) preserves its strength following these comments. At the time of press, the USD Index, which tracks the USD's valuation against a basket of six major currencies, was up 0.2% on the day at 106.03.
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