Fed’s Goolsbee: There are some things that are flashing yellow

August 16, 2024
-FCHFX

August 16, 2024 at 06:40PM

Small business defaults are up, now it’s getting a little cautionary

Unemployment is up and that’s a caution sign

IF we move to less restrictiveness, it will ease some of these credit conditions

Credit conditions seem tight

I don’t think it will surprise anyone when Goolsbee is banging the table for a rate cut and dovish statement in September but it’s certainly not clear that others are ready to line up behind him yet.

This article was written by Adam Button at www.forexlive.com.

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