Fed’s Goolsbee: Several Months of Favorable Inflation Data Needed to Gain Confidence for Rate Cuts
According to Jinse Finance, Federal Reserve’s Goolsbee stated that several key data points will be released before the Fed’s September meeting, but this does not mean he cannot make a decision at that time. He noted that tariffs on semiconductors and new tariff announcements are seen as a one-off inflation shock, fueling concerns about tariffs. So far, we have experienced several months of moderate inflation; however, the latest CPI data shows that inflation in the services sector is concerning. It will take several months of favorable inflation data to reach the level of comfort needed for a rate cut.
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