{"id":99612,"date":"2024-04-04T17:20:00","date_gmt":"2024-04-04T13:20:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=99612"},"modified":"2024-04-04T22:41:44","modified_gmt":"2024-04-04T18:41:44","slug":"99612-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/99612-2\/04\/04\/market-updates\/","title":{"rendered":"Fed\u2019s Goolsbee sees housing price pressures as inflation&#8217;s greatest threat"},"content":{"rendered":"\n<p>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.<br><br><strong>Key Quotes<\/strong>:<\/p>\n\n\n\n<p>\u201cIf housing inflation does not come down, would be very difficult to return inflation to 2%.\u201d<br><br>\u201cI had been expecting it to come down more quickly than it has.\u201d<br><br>\u201cHousing inflation my most valuable indicator for immediate future.\u201d<br><br>\u201cInflation in core services ex housing has come down more than expected.\u201d<br><br>\u201cLast two months of inflation data a bump; can&#8217;t write it off as purely noise.\u201d<br><br>\u201cRisks to inflation and employment mandates have moved into better balance.\u201d<br><br>\u201cIf we stay restrictive for too long, we will likely see employment begin to deteriorate.\u201d<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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: \u201cIf housing inflation does not come down, would be very difficult to return inflation to 2%.\u201d\u201cI had been expecting it to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53326,"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":[37,36],"tags":[10792,6885,7009,6987],"class_list":["post-99612","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-austan-goolsbee","tag-fed","tag-housing","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99612","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=99612"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99612\/revisions"}],"predecessor-version":[{"id":99620,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99612\/revisions\/99620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53326"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}