Fed's Goolsbee warns inflation has spread beyond energy prices
As seen on the 24/7 Wall St. homepage on November 13, 2026.
One of the Fed's more dovish voices now describing inflation as broad-based puts a December cut squarely in doubt, and rate-sensitive stocks and bonds are priced for the opposite.
FED'S GOOLSBEE SAYS ON CNBC INFLATION HAS SPREAD INTO CATEGORIES WHERE PRICES ARE NOT BEING DRIVEN BY ENERGY
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A December cut looks far less certain after Chicago Fed President Austan Goolsbee, one of the more dovish voices on the FOMC, told CNBC on November 13 that inflation has spread into categories where prices are not being driven by energy. When a known dove calls inflation broad-based, it signals a more durable problem than a commodity-driven spike.
Rate-sensitive assets, from longer-duration bonds to growth stocks, are priced for easing that may no longer arrive on schedule.
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Keep an eye on upcoming inflation data and Fed communications into the December policy meeting.
Energy-driven price spikes reverse quickly, but inflation that has migrated into other spending categories is stickier and harder for the committee to dismiss.