Federal Reserve official Goolsbee has described the latest US inflation data as discouraging, pointing to concern over the newest reading on price pressures in the United States.
Fed official flags concern over inflation
The comment places the latest inflation figures under scrutiny as markets assess the direction of US prices. No further details about the data or its potential impact were provided.
Why the comment matters
Goolsbee’s assessment signals that the latest inflation information has not provided reassuring evidence on the US inflation outlook. The statement comes amid continued attention on economic data relevant to the US market.