Fed’s Goolsbee warns oil surge risks lifting inflation expectations | Crypto Craft

  • Fed’s Goolsbee warns oil surge risks lifting inflation expectations

    From investinglive.com

    Chicago Fed President Austan Goolsbee struck a cautious tone in a CNN interview Thursday evening, warning that the recent surge in oil prices presents a meaningful complication for the inflation outlook and broader economic trajectory. Goolsbee described the rise in oil prices as “pretty serious,” emphasising that the ultimate impact will depend heavily on how long elevated energy costs persist. While short-lived spikes may be absorbed without lasting damage, a sustained increase risks feeding through more broadly into the economy, including consumer sentiment, food prices and manufacturing costs. He highlighted ... (full story)

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Trader#62BA
Apr 3, 2026 8:40am
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Job readings like this today are common in a down trend. This spike is one time phenomenom and is called "f'ck you spike" as it resembles middle finger on the chart. Economy is vastly losing jobs and we will eventually see firing across the board and negative prints, recession. 2026. is the year. Which is why the Fed will not hike rates and will accelerate QE. When fear of rate hikes vanishes, then USD will continue to rapidly lose purchasing power and this is the only thing one has to understand. Kevin Warsh will confirm this in June when he leaves FFR the same. We have maximum 6 months left to take advantage of discount on certain investments like precious metals, crypto, mining stocks...
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FlyingTurtle
Apr 3, 2026 3:36pm
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Fed says the population is declining so zero jobs is perfectly healthy. Inflation is the concern.
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