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The Marked Chart Wire · Economy and the Fed
Fed
Federal Reserve Governor Austan Goolsbee said services inflation is starting to increase and compared data center spending to old-fashioned overheating. He called inflation the main problem while noting employment and growth remain stable.
Part of a series: Fed holds rates, then signals possible December hike
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Fed
Federal Reserve Governor Richard Goolsbee said employment and economic growth remain stable, though inflation continues to pose challenges. He noted that consumer spending has been the primary driver of recent economic expansion.
Fed
Financial markets are currently pricing in a high probability that the Federal Reserve will raise interest rates again in December.
Fed
Most interest rate traders anticipate the Federal Reserve will increase interest rates in December.
Fed
Moody's chief economist Mark Zandi stated that strong October jobs data gives the Federal Reserve room to raise rates. He described the likelihood of a December increase as very high.
Fed
San Francisco Fed President Mary Daly stated that the solid job market allows the central bank to focus on inflation, which requires further policy tightening. She noted that the recent jobs report was positive, though wage growth is not accelerating rapidly.
Inventories
US wholesale inventories rose 0.7 percent in October, slightly above the 0.6 percent forecast and the prior month's 0.6 percent gain.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.