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On October 15, Chicago Fed President Goolsbee stated that the U.S. September inflation data, which exceeded expectations, was disappointing, particularly as service sector inflation remains above 5%. The core goods price increase also did not retreat as anticipated, indicating that inflationary pressures may be more persistent than previously assessed. He noted that if core inflation continues to maintain an annualized monthly increase of about 4%, it would be completely unacceptable, and the Fed must take policy action. Goolsbee mentioned that it is currently unclear whether existing interest rates are sufficient to bring inflation back to the 2% target, leaning towards waiting for more data before deciding on further rate hikes. However, if inflation data continues at current levels in the coming months, the Fed cannot remain passive. He emphasized that the latest data further indicates that inflation is not a temporary phenomenon and is declining more slowly than previously expected. Goolsbee also pointed out that the U.S. labor market is very stable, economic growth is strong, consumer spending is robust, and AI investments could further overheat the economy. He stated that businesses in his district show little concern about recession risks, but are generally focused on rising costs and prices, leading him to be more worried about demand overheating than supply shocks. Goolsbee stressed that if employment remains stable while inflation continues to exceed targets and moves in the wrong direction, the Fed must take measures to prevent further overheating of the economy.

[Fed's Goolsbee: September Inflation Disappointing, More Data Needed Before Rate Hike]On October 15, Chicago Fed President Goolsbee stated that the U.S. September inflation data, which exceeded expectations, was disappointing, particularly as service sector inflation remains above 5%. The core goods price increase also did not retreat as anticipated, indicating that inflationary pressures may be more persistent than previously assessed. He noted that if core inflation continues to maintain an annualized monthly increase of about 4%, it would be completely unacceptable, and the Fed must take policy action. Goolsbee mentioned that it is currently unclear whether existing interest rates are sufficient to bring inflation back to the 2% target, leaning towards waiting for more data before deciding on further rate hikes. However, if inflation data continues at current levels in the coming months, the Fed cannot remain passive. He emphasized that the latest data further indicates that inflation is not a temporary phenomenon and is declining more slowly than previously expected. Goolsbee also pointed out that the U.S. labor market is very stable, economic growth is strong, consumer spending is robust, and AI investments could further overheat the economy. He stated that businesses in his district show little concern about recession risks, but are generally focused on rising costs and prices, leading him to be more worried about demand overheating than supply shocks. Goolsbee stressed that if employment remains stable while inflation continues to exceed targets and moves in the wrong direction, the Fed must take measures to prevent further overheating of the economy.

Fed's Goolsbee: September Inflation Disappointing, More Data Needed Before Rate Hike

ct Surges 10.21% in 24H, Currently at 0.3875 USDT

【ct currently trades at 0.3875 USDT, up 10.21% in 24h, according to HTX market data.】ct Surges 10.21% in 24H, Currently at 0.3875 USDT

ct currently trades at 0.3875 USDT, up 10.21% in 24h, according to HTX market data.

On October 15, a survey conducted by the Federal Reserve among contacts in various districts revealed that as energy prices rise and gradually transmit across the United States, half of the 12 Federal Reserve districts reported high or worsening price pressures in recent weeks. The Beige Book released by the Federal Reserve on Wednesday indicated that many businesses in the districts also mentioned inflationary pressures from other commodities, tariffs, and insurance. The report stated: 'Businesses reported that diesel prices are high, and fuel surcharges are passing increased costs throughout the supply chain.'

[Federal Reserve Beige Book: Rising Energy Costs Affect Supply Chain, Half of Districts Report Increased Price Pressures]On October 15, a survey conducted by the Federal Reserve among contacts in various districts revealed that as energy prices rise and gradually transmit across the United States, half of the 12 Federal Reserve districts reported high or worsening price pressures in recent weeks. The Beige Book released by the Federal Reserve on Wednesday indicated that many businesses in the districts also mentioned inflationary pressures from other commodities, tariffs, and insurance. The report stated: 'Businesses reported that diesel prices are high, and fuel surcharges are passing increased costs throughout the supply chain.'

Federal Reserve Beige Book: Rising Energy Costs Affect Supply Chain, Half of Districts Report Increased Price Pressures

Musk stated that the Star Shield system is owned and controlled by the U.S. government, with any speed or usage restrictions determined by the U.S. military, and the final decision authority resting with President Trump.

[Musk: Star Shield System Controlled by U.S. Government]Musk stated that the Star Shield system is owned and controlled by the U.S. government, with any speed or usage restrictions determined by the U.S. military, and the final decision authority resting with President Trump.

Musk: Star Shield System Controlled by U.S. Government

Federal Reserve's Barkin stated that the CPI report was higher than his expectations.

[Barkin: CPI Report Exceeds Expectations]Federal Reserve's Barkin stated that the CPI report was higher than his expectations.

Barkin: CPI Report Exceeds Expectations

On October 15, the U.S. Department of Justice filed an appeal against a federal judge's ruling that allowed CNN, MSNB, and Politico reporters to continue accessing the White House for interviews. Previously, on October 13, U.S. District Judge Timothy J. Kelly ruled that the government could not enforce former President Trump's decision to revoke these media's press credentials during the ongoing litigation. Kelly stated that the media involved could likely prevail in the lawsuit, and that the Trump administration's actions might violate the First Amendment's protection of free speech and the Fifth Amendment's requirements for prior notice and an opportunity to be heard. The Trump administration announced restrictions on these media's access to the White House on September 18, arguing that these outlets had engaged in 'unfavorable reporting' about the government. The three media organizations subsequently filed a lawsuit, claiming that the decision constituted viewpoint-based discrimination.

[Trump Administration Appeals Decision to Restore White House Press Access for CNN and Others]On October 15, the U.S. Department of Justice filed an appeal against a federal judge's ruling that allowed CNN, MSNB, and Politico reporters to continue accessing the White House for interviews. Previously, on October 13, U.S. District Judge Timothy J. Kelly ruled that the government could not enforce former President Trump's decision to revoke these media's press credentials during the ongoing litigation. Kelly stated that the media involved could likely prevail in the lawsuit, and that the Trump administration's actions might violate the First Amendment's protection of free speech and the Fifth Amendment's requirements for prior notice and an opportunity to be heard. The Trump administration announced restrictions on these media's access to the White House on September 18, arguing that these outlets had engaged in 'unfavorable reporting' about the government. The three media organizations subsequently filed a lawsuit, claiming that the decision constituted viewpoint-based discrimination.

Trump Administration Appeals Decision to Restore White House Press Access for CNN and Others

The Federal Reserve's Beige Book indicates that most regions report that overall employment levels have changed little.

[Federal Reserve Beige Book: Employment Levels Remain Virtually Unchanged]The Federal Reserve's Beige Book indicates that most regions report that overall employment levels have changed little.

Federal Reserve Beige Book: Employment Levels Remain Virtually Unchanged

The Federal Reserve's Beige Book indicates that since the last report was published, two of the twelve Federal Reserve districts have reported moderate economic growth.

[Federal Reserve Beige Book: Moderate Economic Growth in Two Districts]The Federal Reserve's Beige Book indicates that since the last report was published, two of the twelve Federal Reserve districts have reported moderate economic growth.

Federal Reserve Beige Book: Moderate Economic Growth in Two Districts

The Federal Reserve's Beige Book indicates that overall price growth is described as strong in three districts, while eight districts report moderate growth. Three districts mentioned that input price pressures are intensifying and have even experienced strong growth.

[Federal Reserve Beige Book: Strong Price Growth]The Federal Reserve's Beige Book indicates that overall price growth is described as strong in three districts, while eight districts report moderate growth. Three districts mentioned that input price pressures are intensifying and have even experienced strong growth.

Federal Reserve Beige Book: Strong Price Growth

HTX data monitoring shows that ETH has fallen below 2400 USDT, currently reported at 2398.55 USDT, with a 24H decline of 2.70%.

【ETH drops below 2400 USDT】HTX data monitoring shows that ETH has fallen below 2400 USDT, currently reported at 2398.55 USDT, with a 24H decline of 2.70%.

ETH drops below 2400 USDT

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ETH drops below 2400 USDT

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