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MNI BRIEF: Fed's Goolsbee Sees Rates 'A Fair Bit Lower'

MNI (WASHINGTON) - Chicago Fed President Austan Goolsbee reiterated Friday interest rates will be "a fair bit lower" by the end of next year, after the September jobs report surpassed expectations and the U.S. unemployment rate dipped to 4.1%. 

Goolsbee cautioned against too much focus on the "superb" September jobs report, noting a margin of error of plus or minus 130,000 jobs. "If you look at the end of 2025, do you think we're still going to be in the spot where we are now? And I think we're going to be a fair bit lower if conditions continue like this," he said in an interview with Yahoo Finance!. He added the FOMC's latest projections for the next year to 18 months "feels right to me." (See: MNI INTERVIEW: Fed Can Cut Gradually If Jobs Stay Strong-Kohn

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MNI (WASHINGTON) - Chicago Fed President Austan Goolsbee reiterated Friday interest rates will be "a fair bit lower" by the end of next year, after the September jobs report surpassed expectations and the U.S. unemployment rate dipped to 4.1%. 

Goolsbee cautioned against too much focus on the "superb" September jobs report, noting a margin of error of plus or minus 130,000 jobs. "If you look at the end of 2025, do you think we're still going to be in the spot where we are now? And I think we're going to be a fair bit lower if conditions continue like this," he said in an interview with Yahoo Finance!. He added the FOMC's latest projections for the next year to 18 months "feels right to me." (See: MNI INTERVIEW: Fed Can Cut Gradually If Jobs Stay Strong-Kohn

Keep reading...Show less