Why bond yields hit quarter-century highs, according to the Fed's Austan Goolsbee

Chicago Fed President Austan Goolsbee tells Yahoo Finance's Jennifer Schonberger that September's hotter-than-expected inflation report was discouraging, with services inflation showing little sign of improvement. Goolsbee says business contacts across the Midwest point to demand-side overheating rather than just a supply shock, and that if core inflation keeps running at this pace, that's totally unacceptable. He explains why he won't give forward guidance on rate hikes, why inflation hasn't proved transitory, how hype around AI's future bounty could fuel short-run overheating through data center spending and stock market wealth, and what's driving long-term bond yields to quarter-century highs. Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton. 00:00 Chicago Fed President Austan Goolsbee joins 00:11 Why the September CPI was 'discouraging' 01:42 Demand vs. supply: What the Fed is hearing on the ground 03:28 Does the Fed need to raise rates? 05:15 Why inflation hasn't been transitory 06:32 Are rates high enough? 07:41 Does the Fed have more work to do? 08:50 AI hype and the risk of overheating 10:16 What an AI slowdown would mean 12:38 Why long-term bond yields hit quarter-century highs #Inflation #FederalReserve #InterestRates #MarketDomination #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

GPT-4正在为你翻译摘要中......

翻译全文