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Central BanksMediumUpdated•Originally published 9 November 2026•Updated 9 November 2026•
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Fed's Goolsbee Warns of Accelerating Services Inflation

Key Facts

1Chicago Fed President Austan Goolsbee stated that services inflation has accelerated over the last few months.
2Goolsbee emphasized that inflation remains the primary problem despite stable employment and growth.

Chicago Fed President Austan Goolsbee stated that services inflation has accelerated over the last few months. According to FXStreet, Goolsbee emphasized that inflation remains the primary problem for the economy despite stable employment and growth figures.

The comments follow data released on November 6, 2026, which showed the US U-6 Unemployment Rate at 7.9% and Non Farm Payrolls increasing by 165,000. Average Hourly Earnings recorded a year-over-year increase of 3.1% on the same date, highlighting ongoing wage pressures within the labor market.

The US annual Inflation Rate is scheduled for release on November 10, 2026, with market forecasts at 3.9%. Additionally, Goolsbee is expected to deliver another speech regarding economic conditions on November 12, 2026.

Latest Updates · 1

  1. Notable·

    Update: Austan Goolsbee further noted that data centers are showing signs of economic overheating. Following these remarks, market pricing for a Federal Reserve rate hike in December reached 84% as of November 9, 2026.