Fed’s Goolsbee says he’s worried about inflation in ‘fraught but intense’ climate

Key Points

Chicago Fed President Austan Goolsbee told CNBC on Monday that he’s more worried about inflation now than unemployment, even with apparent progress made on the war with Iran.
Following Monday’s war news, traders, in volatile market action upped bets of a rate hike by the end of the year but still expect a cut in 2027.

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