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Fed's Goolsbee: will continue to refer to September dot plot, should slow down as it approaches neutral rate

Fed's Goolsbee: will continue to refer to September dot plot, should slow down as it approaches neutral rate

Bitget2024/11/15 20:56

Fed Goolsbee said, we will refer to the Fed's September dot plot to consider rate cuts, personally, I prefer not to go straight towards the neutral rate, close to the neutral rate should slow down the pace, the neutral rate is significantly lower than the level of the Fed's policy rate is currently located. In the Fed's policy considerations, any matter is always within the scope of the discussion. He also said that inflation data must continue to improve, and if we start to see a reversal in the inflation process, we must figure out if this is just a short-lived fluctuation. Not much has changed in that regard over the past few weeks. However, inflation has recently been slightly above the target level, and if this continues, the (long-term) level of inflation will be too high.

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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