Goolsbee: If inflation and the job market proceed cool, the Fed ought to minimize

Goolsbee continues to do the media rounds:

“It’s one month’s number, it’s a negative number,” Austan Goolsbee told Sirius XM, later adding: “This negative number fits into the through-line of — hey, better be careful, if you’re going to be as restrictive as we’ve been.”

• If inflation and the job market continue cool, the Fed should cut
• We’ve had multiple goods months of inflation, it’s broad based

The odds of 50 bps have faded to 68% from 80% at the peak today.