Goldman Sachs released a memo on Tuesday evening that included its analysts' forecasts for the U.S. Consumer Price Index (CPI) for December, which is scheduled to be released later today at 8:30 AM Eastern Time.
According to the memo, Goldman Sachs expects the overall CPI inflation to record 2.91% year-on-year in December and 0.4% month-on-month.
As for the core Consumer Price Index—which excludes changes in food and energy prices—Goldman Sachs experts expect it to record 3.27% year-on-year and 0.25% month-on-month.
The U.S. Consumer Price Index data is expected to provide clearer signals about inflation trends, with potential implications for monetary policy movements by the Federal Reserve, especially following last Friday's extremely strong jobs data, which significantly exceeded analysts' expectations.
