Goldman Sachs Expects Core PCE to Rise 0.23% Month-on-Month in July
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Goldman Sachs expects the core PCE to rise 0.23% month-on-month in July, slightly above the core CPI and market consensus. Portfolio management fees are expected to increase by 8 basis points, reflecting second-quarter stock market gains. Goldman Sachs notes that upcoming methodological changes may lead to fluctuations in PCE readings and lower the annual core inflation rate. The bank anticipates the core inflation rate in August to be close to 0.2% and believes that the Federal Reserve will maintain stable interest rates until the end of the year.
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