Goldman Sachs forecasts US May Headline CPI @ 3.4% y/y, core 3.5%

Ahead of the Federal Open Market Committee (FOMC) statement and Federal Reserve Chair Powell’s press conference due on Wednesday, 12 June 2024

• at 1400 and 1430 US Eastern time respectively (1800 and 1830 GMT)

are US CPI data for May 2024.

• due at 0830 US Eastern time (1230 GMT)

Fed ‘insider’ at the Wall Street Journal Nick Timiaraos has summarised expectations from major investment banks and says

• Inflation forecasters (the ones who sweat the second and sometimes third decimal place) see the core CPI posting roughly a similar increase in May as in April

Timiraos via Twitter:

This article was written by Eamonn Sheridan at www.forexlive.com.