The Latest Breaking News from Austan Goolsbee

Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring well, Chicago Fed president Austan Goolsbee said.

June S&P 500 E-Mini futures (ESM25) are up +0.98%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.05% this morning, signaling a rebound from yesterday’s sell-off on Wall Street, while investors await comments from Federal Reserve officials and a raft of corporate earnings reports, with a particular focus on…

June S&P 500 E-Mini futures (ESM25) are trending down -1.42% this morning as U.S. President Donald Trump’s sweeping tariffs came into effect and China hiked tariffs on U.S. goods.

June S&P 500 E-Mini futures (ESM25) are trending down -0.43% this morning as market participants gear up for U.S. President Donald Trump’s sweeping tariffs announcement.

June S&P 500 E-Mini futures (ESM25) are trending down -0.26% this morning as market participants gear up for U.S. President Donald Trump’s sweeping tariffs announcement.

June S&P 500 E-Mini futures (ESM25) are trending down -1.01% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s sweeping tariffs announcement.

Federal Reserve Bank of Chicago President Austan Goolsbee said if long-term inflation expectations are raised by the market, this could become a self-fulfilling prophecy.

Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job market and when rate cuts could resume

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy