Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.
The recent slowdown in inflation is a trend and not a “one-month blip,” Chicago Fed President Austan Goolsbee said Monday.
In the FT interview, Goolsbee said “there is a lot saying that inflation is trending down compared with what it has been and that’s what we want.”Headline September CPI came at 0.4%, a tick above expectations, and the annual rate held steady at 3.7%.For instance, Douglas Porter, chief economist at BMO Capital Markets, said the main takeaway from the September consumer inflation report “was that both headline and core seem to be settling into a 4% zone.
Traders in derivative markets see less than a 10% chance of a rate hike at the Fed’s Oct. 31-Nov. 1 meeting.
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