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Goolsbee - Mkt Got A Little Ahead of Itself On Cuts

FED

Chicago Fed President Goolsbee has stated in a Fox News interview that the market got a little ahead of itself in terms of pricing in rate cuts. He added the Fed should not be bullied by what the market wants.

  • Goolsbee added that if inflation keeps coming down then the Fed can determine how restrictive it is.
  • The Fed President also added that he didn't disagree with anything Fed Chair Powell stated at last week's post-meeting press conference (BBG).
  • The market reaction has been negligible to the comments. US Tsy Futures sits a touch higher, last at 112-14 for TYH4. The USD is relatively steady.

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