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!
![eurusd june usa cpi lower 13 July 2023](https://images.forexlive.com/images/eurusd%20june%20usa%20cpi%20lower%2013%20July%202023_id_62caff9c-b3c6-4744-9037-63a54480627d_size900.jpg)