The inflation data released on Wednesday:
A response tipping an imminent pause on Federal Open Market Committee (FOMC) rate hikes:
Goldman Sachs also:
“We view today’s CPI report as supportive of our call for a pause at the June FOMC meeting"
Citing:
- because the shelter stepdown looks increasingly durable,
- inflation breadth softened somewhat further,
- and the strength in used car prices is likely temporary
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The June FOMC meeting is the next meeting, the 13th and 14th:
