Goldman Sachs preview what to expect in the US inflation data due later ...Middle East

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Goldman Sachs preview what to expect in the US inflation data due later
US inflation data is due on Friday, 26 January 2024 at 8.30 am US Eastern time: Goldman Sachs preview:forecast for core PCE inflation in December is 0.18%, translating to a six-month annualized rate of 1.88% and a YoY rate of 2.94%. This reflects the Fed's primary measure of inflation. Headline PCE prices are also projected to increase by 0.18% in December, corresponding to an annual rate of 2.63%.***The Federal Reserve prefers the Core Personal Consumption Expenditures (PCE) Price Index over the Consumer Price Index (CPI) as a measure of inflation for several key reasons:The Core PCE covers a broader range of goods and services than the CPI. While CPI focuses on out-of-pocket expenses for u

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