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Goolsbee ahead of US inflation data: service prices are accelerating not only because of tariffs

Austin Goolsbee, President of the Federal Reserve Bank of Chicago, said on Monday, November 9, that service price growth has been accelerating for several months. A day before the US inflation data, this is the most inconvenient argument for those expecting a rapid rate cut.

The rate after the Fed meeting remained at 3.75-4%, but two committee members voted for a hike

The decision was made by a vote of 10 to 2: Governor Lisa Cook and Cleveland Fed President Beth Hammack insisted on an immediate 0.25 percentage point increase. Six weeks earlier, the committee had made the same decision unanimously.