Reply To: Goldman Sachs Does Not Expect Much More Downside in US Core CPI


Goldman Sach note reaffirming their view on peak inflation seen:

Continue to believe that the peak for core PCE inflation is behind us
Expect year-on-year core CPI inflation to decline through year-end (to +5.9% by December 2022)
Expect core CPI inflation to fall more sharply next year (3.2% in December 2023)