Federal Reserve's Goolsbee: Interest rates will be "slightly lower" in a year

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that interest rates will be "slightly lower" in a year, but there will be no pre-commitment to the December meeting's decision. Several data points are still pending release, including inflation and consumer spending.

The Federal Reserve will hold a series of meetings, wavering between cutting and not cutting interest rates. Overall inflation progress remains encouraging, and it is still believed that the U.S. is on the path to the 2% inflation target.