Fed's Goolsbee says he's disappointed by latest inflation read

- Chicago Federal Reserve President Austan Goolsbee said on Tuesday that the government's report showing accelerating consumer inflation last month contained the "unexpected disappointment" of rising services inflation that is evidence of broader price pressures.

Inflation is "going the wrong way, and it's going the wrong way not just in oil-related things and not just in tariff-related things," Goolsbee told the Greater Rockford Chamber of Commerce in Rockford, Illinois.

Services inflation "is the part that I'm nervous about. I want to see that at least stop growing and hopefully start going back down because that can't really be from oil prices."