Summary
- Chicago Fed President Austan Goolsbee said "inflation" is not just an energy issue.
- Markets are also focused on the possibility that underlying price pressures could persist beyond the rise in energy prices.
- The future inflation trend and the Fed’s interest-rate policy path remain key variables.
Forecast Trend Report by Period
A Federal Reserve official said the recent rise in prices cannot be explained by energy costs alone, underscoring persistent inflation concerns.
Walter Bloomberg reported on May 8 that Chicago Fed President Austan Goolsbee said, “Inflation is not just an energy issue.”
He added that price pressures had already been running high even before the recent war.
The comments came as energy prices surged amid tensions in the Middle East.
Markets are also watching whether underlying price pressures will persist beyond the jump in energy prices.
The course of inflation and the Fed’s interest-rate policy remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
