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2025-11-07 09:43:02
[US Bank President: Government Shutdown Causes Data Shortages, Rate Cuts Should Be Cautious] Chicago Federal Reserve Bank President John Goolsby said on the 6th that the release of new federal economic data, including inflation data, is being delayed due to the federal government shutdown. He stated, "If there are problems in this area, it could take quite some time to become apparent," making him more cautious about further rate cuts. Goolsby had previously stated that his biggest concern is inflation, not the job market, as inflation has been above target for more than four years and the trend continues to worsen. He hopes to see more economic data before attending the Fed's December policy meeting. (CCTV)
