NY Fed Survey: Service Prices Surge, Activity Falls
A New York Fed survey found service-sector selling prices rose in October at their fastest pace since 2022, while input costs stayed high, supply availability worsened and business activity fell to its weakest level since March. Firms grew more pessimistic despite broader signs of economic resilience, as tariff and energy-cost pressures keep inflation elevated and markets expect another Fed rate increase before year-end.
Finance · 6 sources · Oct 16, 2026Read it
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About Austan Goolsbee
Austan Dean Goolsbee is an American economist. He is the president of the Federal Reserve Bank of Chicago and the Robert P. Gwinn Professor of Economics at the University of Chicago's Booth School of Business. He was the chairman of the Council of Economic Advisers from 2010 to 2011 and a member of President Barack Obama's cabinet. He served as a member of the Chicago Board of Education from 2018 to 2019.
Everything about Austan Goolsbee →- Occupation
- economist
- Position held
- Council of Economic Advisers, Chair of the Council of Economic Advisers
- Citizenship
- United States
- Born
- August 18, 1969