FED banker, Austan Goolsbee, commented on today's NFP data and the current macro situation in the context of FED's monetary policy:
- the FED will remain at restrictive interest rate levels for an extended period in the coming year;
- NFP data came in line with expectations; the banker considers them comfortable;
- the FED is on track to bring inflation to the target levels of 2%;
- the labor market is slowing down a bit, but it remains extremely strong;
- the banker is not surprised that wages are growing but will keep an eye on them;
- the recent CPI readings were positive (promising data);
- we should start thinking about how long to maintain interest rates;
- the banker hopes to achieve a soft landing for the economy in the current tightening cycle.
Economic calendar: Final Eurozone CPI data and U.S. jobless claims
Morning wrap🗽 Indices and precious metals recover losses following the Fed decision (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.