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Chicago Fed's Goolsbee Advocates Delaying Rate Cuts Until Early 2026

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Chicago Fed President Austan Goolsbee urged delaying rate cuts until early 2026, opposing the recent 25-basis-point reduction. He stressed the need for more inflation and employment data, noting inflation has stayed above target for over four years. Goolsbee said if inflation returns to 2%, rates could drop significantly next year. Traders are watching how this stance affects what is next for crypto markets.
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