TechFlow news, November 3 — According to Jinshi Data, Fed's Goolsbee said the economy may still be on a golden path. He believes interest rates will eventually settle at levels significantly below current levels.
Interest rates should come down as inflation declines. He feels uneasy about cutting rates too early. Inflation data remains concerning. No decision has been made yet on what action the Fed will take at its next meeting, and the bar for rate cuts is now higher than it was at the previous two Fed meetings.
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