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Fed’s Austan Goolsbee says inflation is the biggest problem on Fed rate signal

Chicago Fed President Austan Goolsbee has voiced significant worry over soaring inflation, recognizing it as the foremost challenge facing the economy today. While he deems the labor market stable, he doesn't classify it as vigorous. Meanwhile, traders are weighing the possibility of a rate hike in September, and experts expect consumer inflation data to indicate an uptick.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

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