Chicago Fed's Goolsbee: September Rate Decision Open to All Possibilities

Federal Reserve Bank of Chicago president Austan Goolsbee has stated that "nothing is off the table" regarding the September rate decision, indicating that he hasn't made up his mind on whether to raise interest rates or halt the hiking process. Goolsbee emphasized the Fed's goal of maintaining a stable economy without causing a recession and expressed optimism about the latest data on inflation, which showed a decrease in the Personal Consumption Expenditures (PCE) Index. He also highlighted the importance of upcoming observations on inflation and the job market before the September meeting. Goolsbee is encouraged by stable credit conditions and believes that progress in reducing services inflation is an unexpected bonus.