Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism 
5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus 
Analyst Sounds Alarm: S&P 500 and Nasdaq Set to Dive as Sell Signals Emerge 
South Korea’s $36K Crypto Tax Threshold Sparks 2025 Battle: 20% Gains Levy in the Crossfire 
How to Effectively Utilize an Emergency Line of Credit 
Ghana’s economic diplomacy: how three presidents with different ideologies dealt with the IMF and World Bank 
Bitcoin Continues To Dominate The Crypto Market, Just 10% Away From $100K 
Trump Pressed to Protect EV Tax Credits Amid China’s Subsidized Electric Car Push and Regulatory Battles 
Nvidia Shares Dip as Q4 Forecast Falls Short of Wall Street’s Lofty AI Hype 
Bitcoin Soars Past $98,000, Catapults Satoshi Nakamoto Into World's Top 20 Billionaires 
Apple Fights Back Against DOJ Monopoly Allegations Amid Rising Big Tech Antitrust Pressure 
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers 
We rated the urban forests of 8 global cities – only Singapore passed the 30% canopy test 
Housing Market Faces Harsh Reality: Mortgage Rates Hammer Single-Family Homebuilding While Multi-Family Starts Climb 
Wall Street in Shock! US-Russia Fright Fades as All Eyes Turn to Nvidia Earnings Bombshell 
Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts amid uncertainties about where the rate-cut cycle will ultimately conclude.
Goolsbee Predicts Lower Interest Rates
According to Investing.com, the president of the Federal Reserve Bank of Chicago, Austan Goolsbee, predicted lower interest rates on Thursday, but he warned that the rate-cutting cycle may have to wind down soon because of the lack of clarity surrounding its ultimate conclusion.
When asked about the future of interest rates, Goolsbee stated, "If we look out over the next year or so, it feels to me like rates will end up a fair bit lower than where they are today" in his prepared remarks at Thursday's speech at the Central Indiana Corporate Partnership in Indianapolis, Ind.
According to Goolsbee, rates will end up "fair bit lower than where they are today." This is despite the fact that the path to a neutral rate is fraught with uncertainty due to the continuing discussion over where rates will settle.
Fed Faces Anticipated December Rate Cut
After lowering rates to 4.5–4.75% in November, the Federal Reserve is widely anticipated to decrease rates by another 25 basis points in December.
A longer perspective on the economy is necessary, according to the Chicago Fed chairman, in light of recent worries about rising inflation and a better labor market.
"My view is that the long arc over the last year and a half shows inflation is way down and on its way to 2 percent. Labor markets have cooled to something close to stable full employment," Goolsbee warned.
Dual Mandate Remains a Key Focus
According to Goolsbee, the Federal Reserve should "move rates to where we think they should settle, too." This will help the central bank achieve its aim of 2% inflation and maximum employment, which are contained in its dual mission.
