{"id":96987,"date":"2024-02-14T21:02:00","date_gmt":"2024-02-14T17:02:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96987"},"modified":"2024-02-14T22:26:23","modified_gmt":"2024-02-14T18:26:23","slug":"feds-goolsbee-one-single-inflation-reading-shouldnt-ignite-to-much-worries","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-goolsbee-one-single-inflation-reading-shouldnt-ignite-to-much-worries\/02\/14\/market-updates\/","title":{"rendered":"Fed\u2019s Goolsbee: One single inflation reading shouldn\u2019t ignite to much worries"},"content":{"rendered":"\n<p>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. <br><br>The Consumer Price Index (CPI) exceeded expectations in January, rising 3.1% over the previous year and 0.3% over the previous month. <br><br>Prices increased 0.4% in January and 3.9% over the previous year on a &#8220;core&#8221; basis, which eliminates the more erratic costs of groceries and petrol. <br><br>Investors sold off stocks after the release of the CPI data, fearing it would jeopardize the Fed&#8217;s capacity to lower interest rates until at least summer. <br><br>Goolsbee clarified that the inflation rate is still rising in the right direction and that the Fed&#8217;s 2% target is linked to the personal consumption expenditures index rather than the CPI. He is closely monitoring housing prices to ensure the Fed can get inflation back down to 2%.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 increased 0.4% in January and &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[10792,7987,6885],"class_list":["post-96987","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-austan-goolsbee","tag-cpi-data","tag-fed"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=96987"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96987\/revisions"}],"predecessor-version":[{"id":96991,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96987\/revisions\/96991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31560"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}