Goldman Sachs economist Alexandra Wilson-Elizondo said the latest CPI report was broadly in line with expectations but makes next week’s interest-rate decision more uncertain. The data offers no clear evidence that inflation is returning to target in the near term.
Wilson-Elizondo said the survey period predates the latest energy-price increases and the broader commodity rally spanning metals, agriculture and other areas. The report leaves the Federal Reserve’s rate-hike option open without forcing action, putting greater focus on Walsh’s communication, energy prices, labor-market data and subsequent developments.
Goldman Sachs Says In-Line CPI Leaves Fed Rate Hike Option Open
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