US inflation forecasts from 13 banks

Via Nick Timiraos at the Wall Street Journal, a sneak peek early look at PCE inflation forecasts. Timiraos adds:Economists who map the CPI and PPI into the PCE think core inflation for the Fed's preferred gauge will be around 0.26% in September, a touch below the Sept CPI (which was 0.31%) but the highest m/m reading since MarchStill, because this would be lower than the March 2024 or Sept 2023 readings, it would lower the 6-month annualized rate to 2.2% (from 2.4% in Aug) and the year-over-year rate to 2.6% (from 2.7%) Headline PCE is seen falling to 2.1% on a year-over-year basis.---The data release is not due until October 31. Goldman Sachs is optimistic:Goldman Sachs says the PCE inflat

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