Goolsbee warns that services inflation is moving wrong way
Chicago Fed President Austan Goolsbee warned that rising services inflation indicates broader price pressures. He noted that inflation is moving the wrong way.
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Chicago Fed President Austan Goolsbee said inflation is moving the wrong way following a report showing accelerating consumer price growth. The data revealed an unexpected rise in services inflation, signaling broader price pressures beyond volatile energy or trade-related costs. Services inflation concerns the Fed because it cannot be blamed on oil prices or tariffs.
