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Goldman Sachs pushes next Fed hike forecast to December after softer inflation data.
The firm now says an October Fed hike is unlikely, with core PCE falling to 3.01% year-over-year, well below expectations. Goldman now forecasts 3.0% Q4/Q4 core inflation, compared to the Fed's median of 3.4%, and sees a strong chance the Fed ultimately decides no additional hikes are necessary.
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