BUSINESS

Fed Says Inflation Data Improving

PUBLISHED Aug 13, 2026, 9:23 PM ET

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Media Bias Meter

Sources: 27

Left 4%

Center 96%

Sources: 27

Chicago Federal Reserve Bank President Austan Goolsbee stated on Thursday that recent United States inflation data has shown notable improvement. Speaking in a television interview, Goolsbee expressed optimism that transitory pressures stemming from import tariffs and elevated oil prices are beginning to recede. While acknowledging that overall price growth remains above the central bank's two percent target, he described incoming economic readings as encouraging. Last month, the Federal Reserve maintained its benchmark interest rate within the range of 3.50 percent to 3.75 percent during a contentious policy meeting. Personal consumption expenditures inflation registered at 3.7 percent in June, declining from a peak of 4.1 percent in May. Financial markets had previously anticipated potential interest rate increases for September following earlier spikes. However, milder consumer and producer price reports for July have shifted sentiment. Goolsbee emphasized that the American economy remains in a sensitive phase requiring careful monitoring of price components.

By Sarah Whitman | JQJO News

Timeline of Events

On May 2, 2026, Goolsbee labeled recent inflation figures concerning.
On May 3, 2026, analysts noted rising prices across sectors.
On May 31, 2026, consumer price inflation peaked at highs.
On June 30, 2026, PCE inflation declined to lower readings.
On July 15, 2026, the Federal Reserve maintained rates steady.
On August 13, 2026, Goolsbee reported improving inflation data publicly.
On August 14, 2026, markets reassessed potential September rate hike probabilities.
On September 16, 2026, policymakers will evaluate upcoming monetary decisions.
On December 31, 2026, analysts expect annualized inflation heading downward.
On June 30, 2027, central bank officials anticipate price stability.

News Intelligence

Immediate US impact: Financial markets immediately reevaluated upcoming Federal Reserve interest rate cuts.
Possible long-term US impact: Sustained price stability could lower borrowing costs across the economy.
Most affected groups: American consumers, corporate investors, and mortgage borrowers navigating financial markets.
Reader Priorities: Monitor official economic reports and central bank statements for clarity.

Media Bias

Articles Published:: 27
Right Leaning:: 0
Left Leaning:: 1
Neutral:: 26

Explain Framing

Left: Focuses on protecting workers and lowering costs for working families. Center: Reports official statements, statistical data, and central bank interest rates. Right: Emphasizes regulatory burdens, government spending impacts, and persistent inflation pressures.