Goldman Sachs forecasts uptick in Fed preferred core PCE inflation amid tariff concerns ...Middle East

The projected rise is attributed to the recent implementation of tariffs by the Trump administration, which Goldman Sachs economists believe will exert upward pressure on inflation. They forecast that core PCE inflation could reach 3.5% by the end of 2025, primarily due to these tariff effects .

Meanwhile, this from the Wall Street Journal on analysts' adjusting their expectations re Federal Open Market Committee (FOMC) rate cuts this year:

The latest inflation reading was released on Wednesday:

Forexlive Americas FX news wrap 11 Jun. The redo of the China deal is completed.. This article was written by Eamonn Sheridan at www.forexlive.com.

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