Fed's Goolsbee comments on 50 bps rate cut💵EURUSD near 1.18

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Austan Goolsbee, Chicago Fed governor, signalled today more dovish stance on US interest rates decision. Here are the most important remarks from his speech.

The labor market continues to cool at a mild and modest pace.
I think rates can come down some if we're on a path to getting inflation back to target.
We need to be a bit careful about getting aggressive
Right now, I'm not thinking about 50 basis-point cuts.
Neutral is below where we are now by 100-125 bps
I think the Fed is mildly restrictive.
We did not move the inflation target
Job market statistics show a lot of stability
We have a low-hiring, low lay-off market.

EURUSD (D1 interval)

Source: xStation5

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