Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Aktis Oncology Prices Upsized IPO at $18, Raising $318 Million in Major Biotech Debut 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
Trump Calls for 10% Credit Card Interest Rate Cap Starting 2026 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
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.
