The Latest Breaking News from Austan Goolsbee

Some GDP growth in the second quarter was a result of trade whiplash.

In naming Miran to the Fed’s seven-member board, President Trump has ignited a firestorm over mixing politics with economic policy.

September S&P 500 E-Mini futures (ESU25) are down -0.13%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.15% this morning, starting the week on a cautious note as investors await U.S. President Donald Trump’s talks with Ukrainian President Volodymyr Zelenskyy.

A spike in producer prices introduced a "note of unease" into the Federal Reserve's outlook, according to Chicago Fed President Austan Goolsbee.

Federal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September

September S&P 500 E-Mini futures (ESU25) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.08% this morning, taking a breather after recent gains, while investors look ahead to crucial U.S. producer inflation data for insight into how aggressively the Federal Reserve may cut interest rates.

President Trump has said he may move up the announcement of Powell's replacement, with analysts looking for public debate among FOMC members for clues as to who is "auditioning" for the role.

September S&P 500 E-Mini futures (ESU25) are up +0.67%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.89% this morning as sentiment got a boost after U.S. President Donald Trump announced a ceasefire between Israel and Iran.

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning as investors grappled with fresh uncertainty surrounding U.S. President Donald Trump’s tariff policies and looked ahead to the release of the Federal Reserve’s first-line inflation gauge.