Fed’s Goolsbee is getting another word in before the quiet period:
- New Round of tariffs to apply to parts, copper, and revisiting Europe, Canada tariffs doesn’t help
- Need some resolution on tariffs to understand impact on inflation..
- Drip Drip announcements on tariffs means can’t make the argument tariffs mean a one-time increase in price level.
- Anything that makes it order to figure out if we are on at 22% inflation extends the timetable for rate cuts.
- We have to wait and see
- Multiple more months of inflation would make me more comfortable.
- It’s realistic that rates can come down, if uncertainty gets cleared up.
This article was written by Greg Michalowski at www.forexlive.com.