Fed officials are shifting their tone on inflation momentum. Goolsbee just flagged the latest inflation reading as 'good,' signaling the central bank sees progress on price pressures. But here's the catch—he's not ready to declare victory yet. The message: expect the Fed to keep a close eye on upcoming data before making any major policy moves.

For traders watching macro headwinds, this could mean more patience on rate decisions. The inflation narrative is still fluid, and every fresh data point matters. Whether this translates to a softer or firmer policy stance depends on what comes next in the economic calendar.