FedIMPORTANT
Fed's Goolsbee (2027 voter) says June CPI inflation was surprisingly benign and that was nice, but never want to overreact to one month; if got several months like this, would feel better
StockNow breaking-news AI analysis
Fed's Goolsbee welcomed the benign June CPI but remains cautious, seeking sustained low inflation before shifting stance, while the labor market shows signs of stabilization amidst cooling hiring.
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At least today, services inflation was encouraging. If got PCE versions of inflation that looked like CPI for several months, would be feeling a lot better. Job market is stable without being good.
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