Goldman Sachs on the US CPI data (revisions) due Friday ...Middle East

This summary is via the folks at eFX. For bank trade ideas, check out eFX Plus. Synopsis: Goldman Sachs outlines its expectations for the upcoming U.S. Consumer Price Index (CPI) revisions by the Bureau of Labor Statistics (BLS), focusing on the recalculated seasonal factors for 2023. The annual revision process typically adjusts monthly inflation figures towards the annual average, with higher inflation readings generally revised lower and lower readings adjusted higher. Based on historical trends, Goldman Sachs predicts minor revisions in monthly core CPI inflation for the second half of 2023, reflecting the sharp inflation slowdown over the year. Revision Process: The BLS's annual re

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