4:47 PM · 4 August 2023

Fed's Goolsbee comments on today's NFP data!

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.
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Economic calendar: Final Eurozone CPI data and U.S. jobless claims

17 September 2026, 6:49 AM

Morning wrap🗽 Indices and precious metals recover losses following the Fed decision (17.09.2026)

16 September 2026, 8:19 PM

📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls

16 September 2026, 7:59 PM

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.

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