Goldman Sachs: Expected a 0.3% monthly increase in both the overall and core CPI in the United States in September

ChainThink report, on October 20, despite the ongoing U.S. government shutdown, the delayed September inflation data will be released this Friday. Goldman Sachs analysts released a report over the weekend, stating that the firm expects both the overall CPI and core CPI to see a month-over-month increase of 0.3%, which would keep the core inflation annual rate around 3.1%.

Goldman Sachs noted that the impact of car prices on inflation is weakening, and airfare prices may also decline. At the same time, the contribution of the labor market and housing market to inflation may also be cooling down. However, Goldman Sachs said that tariffs could pose an upward pressure on "specific exposed sectors such as communications, home decor, and entertainment." The firm forecasts that the full-year core inflation rate through December will remain at 3.1%.(Jinshi)