According to Golden Ten Data, Chicago Federal Reserve President Austan Goolsbee stated on May 9 that all interest rate options, including rate hikes and cuts, remain under consideration. He noted the Fed’s policy shift away from near-term rate cuts, driven by inflation pressures from energy price shocks linked to the Iran conflict. Goolsbee reiterated that both rate cuts and hikes are on the table and expressed concern about persistent price pressures beyond energy impacts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fed Watchers Trim Rate-Cut Bets; Half of Analysts Now Expect No Cuts in 2026
According to Nick Timiraos, the Federal Reserve's closely watched communications official, an increasing number of sell-side institutions and Fed observers are withdrawing or postponing rate-cut expectations from their outlooks on May 9. Timiraos noted that roughly half of analysts now expect the Fe
GateNews2h ago
Nomura: Bank of England Could Raise Rates by 25 Basis Points in 2026 if Brent Crude Stays Near $90
According to Nomura Securities analysts on May 8, if Brent crude oil prices hold near $90 per barrel, the Bank of England could raise rates by 25 basis points in 2026. LSEG data shows markets have fully priced in two consecutive 25-basis-point rate hikes by the BoE before
GateNews6h ago
U.S. One-Year Inflation Expectations Fall to 4.5% in May, Below 4.8% Forecast
U.S. consumers' one-year inflation expectations came in at 4.5% in May, falling short of the 4.8% forecast and declining from the prior month's 4.70%, according to University of Michigan data.
GateNews7h ago
Federal Reserve Chair Powell Steps Down on May 15 After 8 Years in Office
According to BlockBeats, Federal Reserve Chair Jerome Powell will step down on May 15 after eight years in office. Powell, who is not an economist by training, navigated the pandemic, a 40-year high in inflation, and an aggressive rate-hiking cycle during his tenure.
Powell's early years saw
GateNews7h ago
ECB's Lagarde Refuses to Signal June Rate Hike, Cites Uncertainty Over Iran Conflict on May 9
According to Spanish national television, ECB President Christine Lagarde on May 9 refused to signal whether the central bank will raise rates next month, citing "enormous uncertainty" about the impact of the Iran conflict on inflation. Lagarde stated that policymakers need "more data" to
GateNews11h ago
U.S. Dollar Index Reverses All Gains Since Iran Conflict Began
According to Wall Street Journal, the U.S. dollar index (DXY) has reversed all gains made since the Iran conflict began in late February, as of May 7. Following the conflict's outbreak, investors initially unwound dollar short positions and bet on potential Federal Reserve rate hikes. However,
GateNews15h ago
