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Goolsbee: Concerned about December rate cuts, wary of "transitory inflation" risks
According to ChainCatcher news and Jin10 reports, the Fed's Goolsbee hinted that he is uneasy about the possibility of another rate cut at the December meeting. He stated that the decline in inflation "seems to be stalled" and warned that they might be heading in the wrong direction. An increasing number of policymakers are concerned about cutting rates too much while inflation remains high. The consumer price index rose by 3% in September, still above the Fed's 2% target. Goolsbee pointed out that despite the strong economy, there is unease about making significant cuts ahead of time.

