Fed officials signal more tightening as inflation persists
Multiple Fed officials said inflation remains stubborn, with talk of further gradual rate increases. Japanese government bond yields rose.
What we know
Market news accounts relay Goolsbee calling CPI "borderline troubling" with services inflation the main worry. Paulson reportedly said further gradual rate increases are appropriate. Bowman reportedly flagged October core PCE at 3.3% y/y and equity correction risk (relayed, unconfirmed). JGB yields rose, with the 10-year at 2.745%.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“"WE HAVE A REAL INFLATION ISSUE ON OUR HANDS"”
View post →“FURTHER "GRADUAL" RATE INCREASES ARE APPROPRIATE”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.