Fed's Goolsbee: All the conditions for the desired rate cut have been met
Fed's Goolsbee said that he supports the Fed's focus on the job market; inflation is on the path back to 2%; policy is currently at the tightest point in the entire rate hike cycle; the Fed's forecast shows broad support for rate cuts; all the conditions for the desired rate cut have been met.
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The Federal Reserve will release PCE data tonight, with CPI absent as the sole inflation indicator.