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US core CPI reading to fall to 3.8% by year-end - Goldman Sachs

It has been on a declining trend since peaking last year, which is what has allowed the Fed to pause on rate hikes. But at ~4%, there is still much uncertainty in terms of identifying if the trend will be able to keep up until core prices reach the pivotal 2% target.As for the report this week, the reading is expected to ease further to 4.1% in September. And so, while the trend is encouraging, the Fed can't quite declare victory just yet - and not likely any time soon. As such, policymakers wil... Read More

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Goldman

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Year end

Forex

Posted: Oct 10 2023, 04:46

Author Name: forexlive

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