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Chicago Fed’s Goolsbee says he’s cautious about further rate cuts during shutdown
Chicago Federal Reserve President Austan Goolsbee on Thursday expressed hesitation about lowering interest rates further because the government shutdown has resulted in a blackout on key inflation data. While Goolsbee has otherwise been an advocate for gradually lowering rates, the central bank official said during a CNBC interview that he has concerns over the lack of important price reports, particularly with general inflation recently trending higher. “If there are problems developing on the inflation side, it’s going to be a fair amount bit of time before we see that, where if it starts to deteriorate on the ... (full story)
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U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. “October’s pace of job cutting was much higher than ...
<=USD>:*FED'S GOOLSBEE: INDICATORS SHOW A LOT OF LABOR MARKET STABILITY *GOOLSBEE: I STILL THINK THERE IS MILD COOLING IN LABOR MARKET FED'S GOOLSBEE: MOST OF LABOR MARKET INDICATORS SHOW STABILITY IN MARKET -- CNBC INTERVIEW SHOULD BE CAREFUL TAKING PAYROLL JOB NUMBER DROP AS AN INDICATOR OF JOB MARKET MILD COOLING IN LABOR MARKET UNEMPLOYMENT RATE BASICALLY UNCHANGED A LITTLE DOWNSIDE RISK TO LABOR… FED'S GOOLSBEE: I MAYBE RELUCTANT TO CONTINUE THE RATE CUTTING CYCLE. GOOLSBEE: VERY LITTLE PRIVATE SECTOR INFORMATION ABOUT INFLATION, WILL SOME TIME BEFORE WE SEE ANY PROBLEMS MAKES ME MORE UNEASY WITH FRONTLOADING RATE CUTS CAN'T COUNT ON INFLATION BEING TRANSITORY CONSUMER SPENDING STRONG, GROWTH IS STRONG GOOLSBEE: FOR DATA TO GO DARK RIGHT AT THE MOMENT WE SAW SERVICES INFLATION RISING IS UNCOMFORTABLE NOT HAWKISH ON RATES SETTLING POINT FOR RATES WILL BE FAIR BELOW WHERE IT IS TODAY
At its meeting ending on 5 November 2025, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 4%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%. CPI inflation is judged to have peaked. Progress on underlying disinflation continues, supported by the still restrictive stance of monetary policy. This is reflected in an easing of pay growth and services price inflation. Underlying disinflation is being underpinned by subdued economic growth and building slack in the labour market. Monetary policy is being set to balance the risks around meeting the 2% inflation target sustainably. The risk from greater inflation persistence has become less pronounc *BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 4% IN 5-4 VOTE BOE MPC: MORE EVIDENCE IS NEEDED TO BE SURE THAT CPI IS ON TRACK TO RETURN TO 2%. BOE: PROGRESS ON DISINFLATION INDICATES BANK RATE LIKELY TO CONTINUE GRADUAL DOWNWARD PATH: "GRADUAL AND CAREFUL APPROACH" TO FURTHER WITHDRAWAL OF MONETARY POLICY RESTRAINT... 
Bank of England keeps key interest rate unchanged at 4% as inflation remains markedly above target The Bank of England has kept its main interest rate unchanged at 4% as inflation in the U.K. remains markedly above target and policymakers await this month’s budget from the U.K. government, which could be one of the most consequential in years. Thursday’s decision by the nine-member rate-setting body was widely anticipated, though some economists thought there was a chance that borrowing rates would be reduced by a further quarter of a percentage point. The vote was tight though, with five voting for unchanged rates and four backing a cut. “We still think rates are on a gradual path downwards, but we need to be sure that inflation is on track to return to our 2% target before we cut them
Bank of England keeps key interest rate unchanged at 4% as inflation remains markedly above target The Bank of England has kept its main interest rate unchanged at 4% as inflation in the U.K. remains markedly above target and policymakers await this month’s budget from the U.K. government, which could be one of the most consequential in years. Thursday’s decision by the nine-member rate-setting body was widely anticipated, though some economists thought there was a chance that borrowing rates would be reduced by a further quarter of a percentage point. The vote was tight though, with five voting for unchanged rates and four backing a cut. “We still think rates are on a gradual path downwards, but we need to be sure that inflation is on track to return to our 2% target before we cut them
