Federal Reserve Officials Discuss Inflation Trends and Rates
Published on 6/25/2026
AI Summary
On Thursday, Chicago Fed President Austan Goolsbee stated that inflation is trending negatively, while New York Fed President John Williams expressed optimism for decreasing inflation. The Commerce Department reported that core inflation, tracked by the personal consumption expenditures price index, stood at 3.4% in May, the highest since October 2023. Prices rose significantly, with energy increasing by 6.5% and transportation services by 0.8%. Though markets anticipate a potential rate increase in September, Goolsbee refrained from committing to any future rate guidance, emphasizing the importance of focusing on inflation.
Related News
Economy
Tokyo CPI Inflation Increases June Core Rates by 0.7% Year-Over-Year
Jun 25
Economy
Tokyo Core Inflation Below BOJ Target Fifth Month in a Row
Jun 25
Central Banks
Fed's Williams: Inflation High, Rate Policy Positioned to Lower Prices
Jun 25
Economy
IMF Sees Solid Momentum in US Economy, Fed Holds Rates Steady
Jun 25