Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024.
A day later, the Commerce Department will release the December reading on the personal consumption expenditures price index, a favorite Fed inflation gauge.
"That's the thing that everybody should be watching to determine what the Fed's rate path will end up being," Chicago Fed President Austan Goolsbee said during an interview Friday on CNBC.
On top of that, several of Goolsbee's colleagues, including Governor Christopher Waller, New York Fed President John Williams and Atlanta Fed President Raphael Bostic, issued commentary indicating that at the very least they are in no hurry to cut even if the hikes are probably done.
watch now"I don't like tying my hands, and we still have weeks of data," Goolsbee said.
Persons:
Brendan Mcdermid, Dow Jones, Austan Goolsbee, Christopher Waller, John Williams, Raphael Bostic, Goolsbee
Organizations:
New York Stock Exchange, Reuters Markets, Federal Reserve, Commerce Department, Chicago Fed, CNBC, Group, Christopher Waller , New York Fed, Atlanta Fed, Labor Department
Locations:
New York City, U.S, Christopher Waller , New