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Goldman Sachs have cut their US inflation forecast for this year

Goldman Sachs has affirmed they continue to expect US core inflation to decline in 2023:we continue to believe that core PCE inflation will fall sharply (in 2023)we (have) lowered our core PCE inflation forecast for December 2023 to 3.5% from 3.7%(we have) left our forecast for December 2024 unchanged at 2.4%--- The difference between 3.5% and 3.5% for underlying inflation is not enough to shift the course of the Federal Open Market Committee (FOMC). Market pricing has the FOMC on track to raise... Read More

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Posted: Jul 3 2023, 21:36

Author Name: forexlive

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