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Goldman Sachs - US CPI report makes a solid case for a Fed step down to 3 * 25bp hikes

Eamonn Sheridan
12/01/2023 | 23:01 GMT

The US CPI data was released Thursday, ICYMI:

  • US December CPI +6.5% y/y vs +6.5% expected

More:

  • Forexlive Americas FX news wrap: US dollar crumbles after CPI

Goldman Sachs report on the inflation data, the key takeaway is:

  • We see today’s CPI report as solidifying the case for a step down to a 25bp rate hike in February
  • We continue to expect 25bp hikes in each of February, March, and May.

The Federal Open Market Committee (FOMC) next meet on January 31 and February 1:

fomc fed dates 2023

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