Fed's Goolsbee: Rates will have to stay higher for longer than markets had expected

'It feels like rates will have to stay higher for longer than markets had expected,' Chicago Federal Reserve Bank President Austan Goolsbee told CNBC

President Austan Goolsbee told CNBC on Monday. "Current path is Unusual for inflation to fall like it is without unemployment rising.""One view is that"At some point, the question shifts from how high to raiseThe US Dollar Index continued to edge higher after these comments and was last seen rising 0.17% on the day at 105.76.Information on these pages contains forward-looking statements that involve risks and uncertainties.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Last day for Chicago Gourmet in Chicago's Navy Pier, Millennium ParkIt starts with a special brunch hosted by Chefs Art Smith and Lorena Garcia at Navy Pier.
Read more »

Trudeau expects Canadian interest rates to come down by mid 2024Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with recent Reuters poll estimates, though the latest economic data has turned the central bank more hawkish.
Read more »

Trudeau expects Canadian interest rates to come down by mid 2024 By ReutersTrudeau expects Canadian interest rates to come down by mid 2024
Read more »

Federal Reserve Releases Working Paper Exploring Asset Tokenization and RWAThe Fed explores asset tokenization's impact on financial stability.
Read more »