Goolsbee calls October inflation 'borderline disturbing'

What happened

Cnbc.com reported Nov 11, 13:29 UTC that Fed's Goolsbee called the inflation report "borderline disturbing" as the central bank weighs more hikes. The article used that phrasing in a story headlined "Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes."

cnbc.com said the consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.

Politics & Macro market context

The SPY ETF was $755.53 and rose 0.75% from the prior close, and the UUP ETF was $29.34 and rose 0.65% from the prior close, as of Nov 11, 15:15 UTC. The GLD ETF was $368.02 and fell 0.36% from the prior close, and the USO ETF was $143.56 and rose 1.49% from the prior close, as of Nov 11, 15:16 UTC. (Finnhub)

Related coverage

Reuters published a separate headline, "Fed's Logan calls for two more rate hikes, possibly rapidly" (Reuters, Nov 10). thenationalnews.com ran "Hot US inflation report seals Federal Reserve rate increase" and econotimes.com carried "U . S . CPI Rose 0 . 4 % Month Over Month as Goolsbee Flagged Services Inflation."

• Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes — cnbc.com, Nov 11, 13:29 UTC
• Fed's Logan calls for two more rate hikes, possibly rapidly — Reuters, Nov 10, 15:55 UTC
• Fed Paulson calls for gradual rate hikes amid ongoing high inflation — 933thedrive.com, Nov 11, 02:30 UTC
• Hot US inflation report seals Federal Reserve rate increase — thenationalnews.com, Nov 11, 03:00 UTC
• U . S . CPI Rose 0 . 4 % Month Over Month as Goolsbee Flagged Services Inflation — econotimes.com, Nov 11, 06:30 UTC

What to watch

Weekly jobless claims (DOL) is scheduled Thu Nov 12 (time not confirmed). The Producer Price Index is scheduled Fri Nov 13, 13:30 UTC.

• Thu Nov 12 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Fri Nov 13, 13:30 UTC — Producer Price Index (US) (source)

Sources and data

• cnbc.com (secondary source) — Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes
• Reuters (secondary source) — Fed's Logan calls for two more rate hikes, possibly rapidly
• 933thedrive.com (secondary source) — Fed Paulson calls for gradual rate hikes amid ongoing high inflation
• thenationalnews.com (secondary source) — Hot US inflation report seals Federal Reserve rate increase
• econotimes.com (secondary source) — U . S . CPI Rose 0 . 4 % Month Over Month as Goolsbee Flagged Services Inflation
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Energy Information Administration via FRED (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar
• Federal Reserve (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 11, 15:16 UTC; report generated Nov 11, 15:21 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.