Goldman expects US core CPI to ease to 2.8% year-on-year in June

A softer-than-consensus core CPI print, as Goldman is forecasting, would likely reinforce market expectations that disinflation is continuing despite the war-related energy price shock, supporting bonds and easing near-term pressure on the dollar. Traders will parse Warsh's House testimony closely for confirmation of his recent Sintra comments that inflatio…

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