Goldman Sachs are looking for a sub 5% US inflation reading in the PCE data due Friday

News

Coming up at 1230 GMT from the US on Friday, 27 May 2022:

  • April Core PCE price index, used as an indication to  inflation 
  • This is a less volatile measure of the PCE price index, it strips out food and energy prices
  • Published by the US Bureau of Economic Analysis

Goldman Sachs forecast is a little under the consensus (see pic of calendar below):

  • +0.21% m.m, ” now corresponding to a year-over-year rate of +4.74%”

This snapshot from the ForexLive  economic data  calendar, access it here .

The times in the left-most column are GMT.

The numbers in the right-most column are the ‘prior’ (previous month) result.

The number in the column next to that, where is a number, is the consensus median expected.

Under 5% would be the first time in 2022:

Articles You May Like

Risk of an early halt to Russian gas deliveries to Austria – Commerzbank
Pound Sterling stays under pressure against USD, US inflation in focus
Japan PPI (October) +0.2% m/m (expected 0%) and +3.4% y/y (expected +3.0%)
Got gold? Jumps back above US$2590
Buy the dip! HAL, PNB, IDFC First Bank among 10 stock ideas from Jefferies