Federal Reserve's Goolsbee has expressed optimism regarding the recent Consumer Price Index (CPI) data for May, describing it as 'very good'. He noted that if similar data continues in the coming months, it would significantly boost confidence in controlling inflation. Goolsbee emphasized that while the May CPI data is promising, it represents just one month, and more reports like this are needed to solidify inflation confidence. He also mentioned that his initial feeling was relief. Additionally, a lot of data will be reviewed between now and the upcoming September and December meetings to assess progress.
Fed's Goolsbee: "CPI data this week 'was very good'" "My feeling was relief" "If we got a lot of months like May's CPI data, we would be feeling very good" "We will get a lot of data between now and September, December meetings" "We got to see some more progress"
Fed's Goolsbee: "Will Get a Lot of Data Between Now and September, December Meetings"
FED'S GOOLSBEE: WE ARE GOING TO GET A LOT OF DATA BETWEEN NOW AND SEPT, DEC MEETING
Fed's Goolsbee: Will Get A Lot Of Data Between Now And September, December Meetings
Chicago Fed Pres. Goolsbee CPI data this week was very good https://t.co/KL1X15Gd40
GOOLSBEE: MORE REPORTS LIKE MAY CPI WILL HELP INF. CONFIDENCE
FED GOOLSBEE: MAY CPI DATA WAS “VERY GOOD' BUT JUST ONE MONTH
Fed’s Goolsbee Calls May CPI Data ‘Very Good’ But Just One Month - More Reports Like May’s CPI Will Help Inflation Confidence
⚠️FED'S GOOLSBEE: **CPI DATA THIS WEEK 'WAS VERY GOOD' **IF WE GOT A LOT OF MONTHS LIKE MAY'S CPI DATA, WE WOULD BE FEELING VERY GOOD **MY FEELING WAS RELIEF **WE GOT TO SEE SOME MORE PROGRESS
FED'S GOOLSBEE: CPI DATA THIS WEEK WAS VERY GOOD, IF WE GOT A LOT OF MONTHS LIKE MAY'S CPI DATA, WE WOULD BE FEELING VERY GOOD.