Central BanksMedium•14 October 2026•
1 min read
Fed's Goolsbee Calls US Services Inflation Discouraging Amid Demand Overheating
Key Facts
1Chicago Fed President Austan Goolsbee stated that September's inflation report was discouraging, with services inflation showing little improvement.
2Goolsbee noted that business contacts in the Midwest point to demand-side overheating rather than just supply shocks.
Chicago Fed President Austan Goolsbee stated that September's inflation report was discouraging, with services inflation showing little improvement. Yahoo Finance reported that Goolsbee labeled current inflation levels as unacceptable, a sentiment that has contributed to driving Treasury yields toward multi-decade highs.
Goolsbee noted that his business contacts in the Midwest point to demand-side overheating rather than simple supply shocks. These hawkish comments regarding persistent price pressures support expectations for a more restrictive monetary policy stance, weighing on broader market sentiment.