古尔斯比在接受采访时表示，通胀“比上次有所改善，基本符合我们的预期，但仍高于去年下半年的水平。所以还有改善的空间”。Chicago Federal Reserve Chairman Goulsby said in an interview that he welcomed the slowdown in price growth in April, but said there is still room for further deceleration in inflation.
The Zhitong Finance App learned that Chicago Federal Reserve Chairman Goulsby said in an interview that he welcomed the slowdown in price growth in April, but said that there is still room for further deceleration in inflation.
Data released on Wednesday showed that price growth excluding food and energy slowed for the first time in six months in April. Goulsby pointed out in this regard that he would like to see more such reports before supporting interest rate cuts.
In an interview, Goulsby said that inflation “has improved from last time and is basically in line with our expectations, but it is still higher than the level of the second half of last year. So there's room for improvement”.
Goulsby, who did not have the right to vote on policies this year, also said that the road to fighting inflation is a difficult one, and pointed out that housing inflation is a key indicator he is paying attention to.
“It would be great if the fall in housing inflation seen in the April CPI data continues. If this does not continue, then the Federal Reserve will have to conduct an in-depth investigation to try to figure out what happened,” Goulsby added. “I am still optimistic, and the evidence I see is that housing inflation will drop drastically.”
According to reports, Federal Reserve officials previously postponed expectations for the first rate cut, stressing that in the face of disappointing inflation, it is necessary to keep borrowing costs high for a longer period of time. However, both the CPI and retail sales reports released on Wednesday boosted expectations that the Federal Reserve will cut interest rates in the near future. The swap market expects the Federal Reserve to cut interest rates faster in 2024, and traders are firm in their bets that the Fed will cut interest rates in September and December.
