The US CPI report for June came in lower than the consensus expected for both headline and core m/m.
Goldman Sachs say that the result of the inflation report "is consistent with our view that Fed tightening is in its final innings".
GS said they thus continue to expect:
- "a final 25bp hike at the July FOMC meeting to 5.25%-5.5%
- followed by unchanged policy for the remainder of the year"
More on the market response to the US CPI is here:
Big love from the EUR!
