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Goolsbee warns US services inflation is worsening after weak April data hits Fed confidence
Economy
Published on 13 May 2026
Services prices are moving the wrong way, Goolsbee says
Chicago Fed President Austan Goolsbee flagged rising risks from U.S. services inflation, saying fresh data shows price pressures shifting in an unfavourable direction. He noted inflation is still proving sticky even as the labour market holds steady, keeping policymakers cautious while the Federal Reserve weighs its next rate move amid mixed economic signals.
- Goolsbee cites deteriorating services inflation trends
- Sticky inflation persists despite a steady labour market
- April data adds uncertainty to Fed rate-path thinking
- Policy caution grows as signals remain mixed
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times