Chicago Fed President Austan Goolsbee said at Yahoo Finance's annual conference that prices have been rising in 'disturbingly persistent categories' including services and healthcare, stoking concerns that inflation is coming less from supply shocks and more from overheating demand. He said the Fed should try to prevent it from getting worse. Separately, October existing home sales fell to a 3.75 million annual rate, the lowest since 2010, confirming prior data.
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