Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse #atlanticcanada - The biggest impediment to the Federal Reserve returning inflation to its 2% target rate is the persistence of outsized price increases in the housing services sector, Chicago Federal Reserve Bank President Austan Goolsbee said on Thursday.
Inflation, by the Fed's preferred measure, remains half a percentage point or more above that target rate, and recent progress has been minimal, causing jitters among policymakers as they seek more evidence that inflation will fully come down. Goolsbee has so far declined to say when he thinks a reduction in borrowing costs would likely begin.
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