Tag Archives: Austan Goolsbee

The GBP/USD pair is on the defensive near 1.2350 during the early Asian session, with the USD Index consolidating gains above 106.10 as traders await preliminary S&P Global Purchasing Managers Index (PMI) data from the US and UK for April. Fed policymakers agree that inflation in the US is slow …

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …

At the end of a turbulent North American session on Monday, US equities remained mostly steady as a solar eclipse provided some diversion ahead of the key CPI inflation data and the start of the first-quarter earnings season. The Nasdaq opened a new tab and finished marginally up, while the …

Outsized price rises in the housing services industry is the most significant hurdle to the Federal Reserve reducing inflation to its 2% target rate according to Chicago Federal Reserve Bank President Austan Goolsbee.Key Quotes: “If housing inflation does not come down, would be very difficult to return inflation to 2%.”“I …

Wednesday’s North American session is witnessing a steady increase in gold prices as buyers aimed for $2,200. Investors purchased the yellow metal due to a quiet economic calendar in the US and growing rumours on a Fed rate cut in June. As of this writing, the XAU/USD pair is up …

The crucial 200-day moving average is quickly approaching for the EUR/USD pair, indicating a wave of cautious optimism in the currency markets. ECB optimism about inflation and future rate decreases contrasts with mixed views from the Fed and worse US housing data.Updates to the economic outlook are anticipated from the …

The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

Chicago Fed President Austan Goolsbee has reassured investors that the central bank will be able to lower interest rates in 2024 despite a hotter-than-expected reading on consumer prices. The Consumer Price Index (CPI) exceeded expectations in January, rising 3.1% over the previous year and 0.3% over the previous month. Prices …

The Canadian dollar is experiencing a significant drop on Monday due to a strong market dogpile towards the US dollar, with US ISM Services Purchasing Managers Index figures coming in well above expectations. Mixed comments from US Federal Reserve policymakers risk investor outlooks and hamper risk appetite. Bank of Canada …

The dollar experienced a slight decline on Wednesday, despite remaining near its highest level in two weeks. This was supported by factors such as rising US Treasury yields and caution in risk appetite, impacting Wall Street. Trading activity was relatively thin in Asia due to the holiday in Japan. The …