Goldman Sachs reiterate they think the peak for US core inflation has passed

Snippet from Goldman Sachs on US inflation.

• continue to believe that the peak for core PCE inflation is behind us
• expect year-on-year core CPI inflation to decline through year-end (to +5.9% by December 2022)
• expect core CPI inflation to fall more sharply next year (3.2% in December 2023)