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Fed's Goolsbee Warns Services Inflation Sticky, Flags Risk of Persistence at 3-4% on June 22

2026-06-22 23:52:18

According to Marketplace, Chicago Federal Reserve President Austan Goolsbee warned on Monday (June 22) that the Fed is focusing on whether persistent services inflation will remain at 3-4% levels rather than declining as tariff impacts and Middle East tensions ease. Goolsbee expressed particular concern about services price growth, which is not driven by oil prices or tariffs and therefore poses greater persistent risk historically. U.S. May consumer price index rose 3.2% year-over-year, while the Fed's preferred inflation gauge, the Personal Consumption Expenditures price index, increased 3.8% in April, both significantly above the Fed's 2% target.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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