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Goldman Sachs issued a note after a lower-than-expected consumer inflation report for July saw the USD fall and stock markets rally sharply Wednesday.
[See the full post at: 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)
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