Goldman Sachs forecasts for US consumer price presures. The Fed will be hoping they are current and that inflation has stopped its climb.
GS:
- We continue to believe that the peak for core PCE inflation is behind us
- We forecast core PCE inflation of 4.2% in December 2022 (vs. 4.5% previously)
- 2.6% in December 2023
- 2.3% in December 2024
Goldman Sachs cite "based on our bottom-up inflation model.”
Perhaps the USD can take a breather? Here's the daily DXy:
