Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes

AI Summary

The US consumer price index rose more than expected in October, prompting concern among Federal Reserve officials. Chicago Fed President Austan Goolsbee described the inflation report as “borderline disturbing” as policymakers weigh whether further rate hikes may be needed.

The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.