Federal Reserve's Goolsbee: The biggest short-term concern is that inflation is not under control
According to Odaily, Federal Reserve's Goolsbee stated that the biggest short-term concern at present is that inflation remains uncontrolled. The current job market, with low hiring and low layoffs, is unusual, and the inflation data over the past three months does not look bad.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.
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