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Goldman expects US core CPI to ease to 2.8% year-on-year in June - investingLive
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Goldman expects US core CPI to ease to 2.8% year-on-year in June investingLive
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Goldman expects US core CPI to ease to 2.8% year-on-year in June
The desk views Goldman's forecast of a softer core CPI print for June, potentially at 2.8% YoY, as reinforcing the prevailing narrative of disinflation in the US economy. Per the full note, if this materializes, it may lessen immediate upward pressure on the dollar by bolstering support for bonds. The expectation that the core CPI will rise by only 0.17% month-on-month, below the consensus of 0.20%, suggests that inflationary pressures could be easing despite external shocks, such as the energy impact from ongoing geopolitical tensions.
Goldman Sachs expects June CPI to show core inflation below consensus - Investing.com Nigeria
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