Goolsbee on inflation: This is what the path to 2% looks like
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- Опубликовано: 5 сен 2024
- The Federal Reserve's inflation fight isn't over, but it's on track. That's the message from Federal Reserve Bank of Chicago President Austan Goolsbee in an interview with Yahoo Finance Federal Reserve reporter Jennifer Schonberger. "It's very clear that inflation's come way down in a 12-18 month period. This is about as fast as inflation has ever fallen in the US and we did it without a recession. That's what I call the golden path. It's not done, but it makes me feel a lot better," Goolsbee says. Goolsbee points to declines in housing and services as a sign that inflation is on the right track. "The more information we get that shows that the economy does not look like it's overheating and that we're getting improvement both month after month and in the components on inflation, like what we've now seen for several months in a row, to me, that's what the path to 2% looks like," Goolsbee adds. When it comes to the labor market, Goolsbee notes that it has been cooling, saying, "It's definitely an area of concern. One to keep your eye on." However, he doesn't think the data is pointing to a recession, but it is "a cooling back to better balance, but it needs to stabilize at that and not keep getting worse." So what does this mean for an interest rate cut? Goolsbee says he doesn't like "tying our hands ahead of time," expressing a desire to see more data and hear from his Fed colleagues. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
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Prices are still through the roof.
Prices are not and should not come back down. Deflation can be way worse than slightly-high inflation
@@ryann8348 I don't like the idea of prolonged pain and decline. Also, the larger the bubble the bigger the burst.
"Golden Path" where groceries are extremely expensive and housing is unaffordable for common people.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘Carol Vivian Constable’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.