Goldman Sachs are looking for a sub 5% US inflation reading in the PCE data due Friday

Coming up at 1230 GMT from the US on Friday, 27 May 2022:

• April Core PCE price index, used as an indication to inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• This is a less volatile measure of the PCE price index, it strips out food and energy prices
• Published by the US Bureau of Economic Analysis

Goldman Sachs forecast is a little under the consensus (see pic of calendar below):

• +0.21% m.m, " now corresponding to a year-over-year rate of +4.74%"

This snapshot from the ForexLive economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term calendar, access it here .

The times in the left-most column are GMT.

The numbers in the right-most column are the 'prior' (previous month) result.

The number in the column next to that, where is a number, is the consensus median expected.

Under 5% would be the first time in 2022: