Fed’s Goolsbee cautions against market euphoria on rate cuts

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<p>Chicago Fed President Austan Goolsbee, in an interview with Fox News overnight, said that investors might be “a little ahead of themselves” with their “euphoria” as stock markets surged to record highs following Fed’s announcement last week. Goolsbee did acknowledge that if inflation continues its downward trend towards target, Fed might reassess its restrictive stance. […]</p>
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