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Fall in US inflation not just a blip, says Fed official Austan Goolsbee
Ist Teil von
FT.com, 2023-10-16
Ort / Verlag
London: The Financial Times Limited
Erscheinungsjahr
2023
Link zum Volltext
Beschreibungen/Notizen
A top Federal Reserve official said it was “undeniable” that the slowdown in US inflation was a trend rather than a momentary blip, despite a recent string of economic data showing persistent pressure on some prices. Nothing in the data in the past six weeks had changed that. Since the last meeting in September, at which officials signalled support for one more rate rise this year and half a percentage point fewer cuts in 2024 than previously estimated, US borrowing costs have risen sharply. Complicating the two remaining decisions this year are external shocks, including a sharp escalation in tensions in the Middle East that has driven up oil prices and fanned significant uncertainty about the outlook for both global growth and inflation.