Fed’s Goolsbee: Potentially several more rate cuts remain

Featured in:
abcd

In an interview with CNBC on Tuesday, Bank of Chicago President Austan Goolsbee of the Federal Reserve (Fed) said that inflation in the services sector is “not benign” and added that there could potentially be several more rate cuts in 2026

Key takeaways:

Recent headline inflation has been reduced in part by the base effect.

Services inflation is ‘not benign’.

Goods with higher tariff content tended to see larger price increases.

As inflation resumes in 2026, there could potentially be “several more” interest rate cuts.

Consider an interest rate of 3% to be a “loose” estimate of the neutral level.

We need evidence that inflation will return to 2%, and then I think interest rates can continue to fall.

“I have known Chairman-designate Warsh for a long time and am a ‘huge fan’ of his work during the Great Financial Crisis.”

Today’s US dollar price

The table below shows the current percentage change of the United States Dollar (USD) against the major listed currencies. The US dollar was strongest against the British pound.

sadasda
USD EUR GBP JPY BOOR AUD NZD CHF
USD 0.29% 0.80% -0.05% 0.26% 0.40% 0.17% 0.30%
EUR -0.29% 0.50% -0.36% -0.03% 0.11% -0.12% 0.00%
GBP -0.80% -0.50% -0.85% -0.53% -0.39% -0.62% -0.49%
JPY 0.05% 0.36% 0.85% 0.32% 0.46% 0.23% 0.36%
BOOR -0.26% 0.03% 0.53% -0.32% 0.14% -0.09% 0.04%
AUD -0.40% -0.11% 0.39% -0.46% -0.14% -0.23% -0.10%
NZD -0.17% 0.12% 0.62% -0.23% 0.09% 0.23% 0.13%
CHF -0.30% -0.01% 0.49% -0.36% -0.04% 0.10% -0.13%

The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

USD/CAD: Range Trading with Softer Canadian CPI – BBH

Elias Haddad, global director of markets strategy at Brown Brothers Harriman (BBH), expects Canadian inflation to decline...

NZD/USD remains below 0.6050 as investors expect RBNZ to...

The NZD/USD pair remains low during Asian hours on Tuesday, and at the time of writing it...

Malaysia: Growth to moderate, says BNM – UOB

UOB Global Economics & Markets Research highlights that Malaysia's final Q4 2025 GDP grew 6.3% year-on-year, the...

AUD/USD unchanged on US dollar strength, RBA looks at...

The Australian dollar (AUD) was little changed against the US dollar (USD) on Monday as a stronger...

RBNZ: Markets are paying attention to the risk of...

MUFG senior currency analyst Lee Hardman notes that the Reserve Bank of New Zealand is widely expected...

Shares in Asia: Constructive prospects with favorable artificial intelligence...

HSBC Asset Management highlights recent mighty gains in Asia-Pacific ex-Japan shares and says regional factors are currently...