Fed
Fed's Goolsbee (2027 Voter) says US GDP and labour market are basically stable, weak retail sales represent one month of data; Continued spending weakness would be worrying
StockNow breaking-news AI analysis
Fed's Goolsbee views the US economy as stable but warns that poor productivity and potential retail weakness could challenge the current AI-driven growth narrative and future policy decisions.
News detail
Supported decision to hold rates in July. Past 2 readings on productivity were very poor. Encouraged by CPI reports and needs more data. Persistent drop in productivity would change the Ai narrative.
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.