December 20, 2024 15:28 GMT
FED: Goolsbee Saw A Bit More Shallow 2025 Fed Rate Cut Path
FED
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Speaking on CNBC, Chicago Fed’s Goolsbee ('25 voter) comments have a similar tone to Dec 6, when he saw the pace of rate cuts probably slowing in 2025 and that rates will a "fair bit lower" a year from now, close to neutral.
Today's comments:
- "*GOOLSBEE: HOPEFUL PCE SUGGESTS PREVIOUS FIRMING WAS A BUMP
- *GOOLSBEE: MADE MY 2025 FED RATE PATH A BIT MORE SHALLOW
- *GOOLSBEE: AGREES THAT FED POLICY RESTRICTIVE, FAR FROM NEUTRAL
- *GOOLSBEE ALSO AGREES FED SIGNIFICANTLY LESS RESTRICTIVE NOW
- *GOOLSBEE: THINK RATES COME DOWN A FAIR BIT MORE
- *GOOLSBEE: POLICY UNCERTAINTY MAKES IT HARDER TO FORECAST" - above all bbg
- " FED'S GOOLSBEE TELLS CNBC 'NICE' TO GET INFLATION NUMBER THAT'S BETTER THAN EXPECTED" - Reuters
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