Fed's Goolsbee: Consumer Sentiment Detached From Actual Spending

Federal Reserve official Austen Goolsbee highlighted a record divergence between consumer confidence indicators and real spending data, raising questions about whether sentiment surveys accurately reflect household behavior. This feeds into expectations-anchoring debate as Fed weighs PCE inflation at 3.7% versus 2% target ahead of rate decisions; traders watch next FOMC speakers and unemployment claims for confirmation.