Austan Goolsbee sees ongoing price pressures beyond the Iran war's impact on energy costs, and thinks the Fed shouldn't rule out a rate hike.

Since the pandemic, Americans have continued to spend despite high inflation, thwarting recession fears. But rising fuel costs might be too much to overcome.

This trend underscores the broader shift across the finance industry, where the electronic trading has been making steady inroads with fixed-income securities that were once considered difficult to standardize.