On October 16, Chicago Fed President Goolsbee stated that the data released this week showed that both consumer and producer price inflation were higher than expected, with results being 'disappointing.' He expressed that he remains optimistic, noting that it would be ideal if the factors driving inflation could subside in the short term, such as tariffs, the war in the Middle East, and the resulting supply disruptions. However, if inflation stems from overheated demand or large-scale construction of AI data centers, it would be more concerning, and measures would then have to be taken in response.
